NEW YORK ( TheStreet) -- SK Telecom (NYSE: SKM) hit a new 52-week high Tuesday as it is currently trading at $19.29, above its previous 52-week high of $19.24 with 324,753 shares traded as of 9:48 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. SK Telecom has a market cap of $12.2 billion and is part of the technology sector and telecommunications industry. Shares are up 2.6% year to date as of the close of trading on Monday. SK Telecom Co., Ltd. provides wireless telecommunications services in Korea. The company has a P/E ratio of 1.1, below the average telecommunications industry P/E ratio of 10 and below the S&P 500 P/E ratio of 17.1.
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TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full SK Telecom Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.