SK Telecom (NYSE:SKM) Downgraded by StockNews.com

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

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

SK Telecom Trading Up 0.1 %

Shares of NYSE SKM opened at $20.82 on Friday. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.92. SK Telecom has a twelve month low of $18.52 and a twelve month high of $22.71. The firm has a fifty day simple moving average of $21.29 and a 200 day simple moving average of $21.27.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Monday, April 29th. The Wireless communications provider reported $0.34 earnings per share for the quarter. SK Telecom had a return on equity of 8.62% and a net margin of 6.22%. The firm had revenue of $3.43 billion during the quarter. On average, equities research analysts predict that SK Telecom will post 2.05 EPS for the current fiscal year.

Institutional Investors Weigh In On SK Telecom

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Etesian Wealth Advisors Inc. grew its stake in shares of SK Telecom by 2.3% in the 4th quarter. Etesian Wealth Advisors Inc. now owns 26,115 shares of the Wireless communications provider’s stock valued at $560,000 after buying an additional 576 shares during the period. River Road Asset Management LLC boosted its holdings in SK Telecom by 6.0% in the third quarter. River Road Asset Management LLC now owns 11,487 shares of the Wireless communications provider’s stock worth $247,000 after acquiring an additional 647 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in SK Telecom by 1.2% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 83,450 shares of the Wireless communications provider’s stock valued at $1,715,000 after acquiring an additional 980 shares during the period. CWM LLC grew its stake in SK Telecom by 3,900.0% in the fourth quarter. CWM LLC now owns 1,160 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 1,131 shares during the period. Finally, Assetmark Inc. bought a new stake in shares of SK Telecom during the fourth quarter valued at approximately $25,000.

SK Telecom Company Profile

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.