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Sk Telecom Corporati (NYSE:SKM) shares hit a new 52-week high during trading on Wednesday , ARN reports. The company traded as high as $28.17 and last traded at $27.85, with a volume of 992,977 shares trading hands. The stock had previously closed at $26.22.

Separately, analysts at Zacks downgraded shares of Sk Telecom Corporati from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 10th. They now have a $28.00 price target on the stock.

The stock has a 50-day moving average of $25.92 and a 200-day moving average of $23.36. The company has a market cap of $17.856 billion and a P/E ratio of 11.08.

SK Telecom Co, Ltd. (NYSE:SKM) is a Korea-based wireless telecommunications services provider.

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