SK Telecom Reaches New 52-Week High (SKM)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- SK Telecom (NYSE: SKM) hit a new 52-week high Friday as it is currently trading at $20.86, above its previous 52-week high of $20.67 with 876,334 shares traded as of 10:10 a.m. ET. Average volume has been 1.6 million shares over the past 30 days.

SK Telecom has a market cap of $12.11 billion and is part of the technology sector and telecommunications industry. Shares are up 29.2% year to date as of the close of trading on Thursday.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. The company has a P/E ratio of 9.1, below the S&P 500 P/E ratio of 17.7.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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.

Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.
null

If you liked this article you might like

Corporate Reform Could End the 'Korea Discount' on Stocks

These 5 Stocks Are Showing Red Flags in February

5 Toxic Stocks to Avoid

4 Stocks for Dividend- and Bargain-Seekers

Here's Why Appleseed Fund Likes SK Telecom, DSW, Oaktree & UNFI