SK Telecom (NYSE:SKM) Raised to Strong-Buy at StockNews.com

StockNews.com upgraded shares of SK Telecom (NYSE:SKM) from a buy rating to a strong-buy rating in a research report released on Wednesday morning.

Separately, Nomura reaffirmed a reduce rating on shares of SK Telecom in a report on Monday, February 5th.

SK Telecom Trading Down 0.2 %

Shares of SKM stock opened at $19.93 on Wednesday. The stock’s fifty day moving average price is $21.59 and its two-hundred day moving average price is $21.25. SK Telecom has a fifty-two week low of $18.52 and a fifty-two week high of $22.71. The company has a quick ratio of 0.92, a current ratio of 0.94 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On SK Telecom

Several hedge funds have recently modified their holdings of SKM. Etesian Wealth Advisors Inc. lifted its holdings in SK Telecom by 2.3% during the 4th quarter. Etesian Wealth Advisors Inc. now owns 26,115 shares of the Wireless communications provider’s stock worth $560,000 after buying an additional 576 shares during the period. LPL Financial LLC lifted its holdings in SK Telecom by 1.0% during the 3rd quarter. LPL Financial LLC now owns 64,625 shares of the Wireless communications provider’s stock worth $1,387,000 after buying an additional 640 shares during the period. River Road Asset Management LLC lifted its holdings in SK Telecom by 6.0% during the 3rd quarter. River Road Asset Management LLC now owns 11,487 shares of the Wireless communications provider’s stock worth $247,000 after buying an additional 647 shares during the period. First Affirmative Financial Network lifted its holdings in SK Telecom by 5.5% during the 3rd quarter. First Affirmative Financial Network now owns 12,622 shares of the Wireless communications provider’s stock worth $271,000 after buying an additional 662 shares during the period. Finally, Rhumbline Advisers lifted its holdings in SK Telecom by 2.7% during the 3rd quarter. Rhumbline Advisers now owns 30,448 shares of the Wireless communications provider’s stock worth $653,000 after buying an additional 805 shares during the period.

About SK Telecom

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, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.