SK Telecom Co.,Ltd (NYSE:SKM) Reaches New 1-Year Low at $20.28

SK Telecom Co.,Ltd (NYSE:SKMGet Rating)’s share price hit a new 52-week low on Tuesday . The company traded as low as $20.28 and last traded at $20.28, with a volume of 3308 shares traded. The stock had previously closed at $20.97.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of SK Telecom Co.,Ltd from a “buy” rating to a “hold” rating in a report on Wednesday, August 24th.

SK Telecom Co.,Ltd Stock Performance

The firm has a market cap of $8.82 billion, a P/E ratio of 9.80 and a beta of 0.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.91 and a current ratio of 0.93. The company’s 50 day moving average is $21.95 and its 200 day moving average is $24.11.

Hedge Funds Weigh In On SK Telecom Co.,Ltd

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKM. Hanson & Doremus Investment Management bought a new position in SK Telecom Co.,Ltd in the 2nd quarter valued at approximately $27,000. Captrust Financial Advisors lifted its stake in SK Telecom Co.,Ltd by 1,039.0% in the 1st quarter. Captrust Financial Advisors now owns 1,196 shares of the Wireless communications provider’s stock valued at $31,000 after purchasing an additional 1,091 shares during the last quarter. Investors Research Corp lifted its stake in SK Telecom Co.,Ltd by 52.9% in the 1st quarter. Investors Research Corp now owns 1,576 shares of the Wireless communications provider’s stock valued at $40,000 after purchasing an additional 545 shares during the last quarter. Group One Trading L.P. lifted its stake in SK Telecom Co.,Ltd by 69.8% in the 1st quarter. Group One Trading L.P. now owns 2,043 shares of the Wireless communications provider’s stock valued at $52,000 after purchasing an additional 840 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its stake in shares of SK Telecom Co.,Ltd by 903.5% during the second quarter. Janiczek Wealth Management LLC now owns 2,549 shares of the Wireless communications provider’s stock valued at $58,000 after acquiring an additional 2,295 shares during the last quarter. Institutional investors own 5.70% of the company’s stock.

About SK Telecom Co.,Ltd

(Get Rating)

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, and metaverse platform-based services, as well as sells wireless devices.

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