SK Telecom (NYSE:SKM) Upgraded by StockNews.com to Strong-Buy

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

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

SK Telecom Trading Up 0.2 %

Shares of SKM stock opened at $20.12 on Wednesday. SK Telecom has a 52-week low of $18.52 and a 52-week high of $22.71. The business’s fifty day moving average is $21.55 and its 200 day moving average is $21.23. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On SK Telecom

Several hedge funds have recently added to or reduced their stakes in SKM. Etesian Wealth Advisors Inc. lifted its position in 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 worth $560,000 after buying an additional 576 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of SK Telecom by 1.0% in the 3rd quarter. LPL Financial LLC now owns 64,625 shares of the Wireless communications provider’s stock worth $1,387,000 after acquiring an additional 640 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of SK Telecom by 6.0% in the 3rd quarter. River Road Asset Management LLC now owns 11,487 shares of the Wireless communications provider’s stock valued at $247,000 after purchasing an additional 647 shares in the last quarter. First Affirmative Financial Network grew its holdings in shares of 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 valued at $271,000 after purchasing an additional 662 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of SK Telecom by 2.7% during the 3rd quarter. Rhumbline Advisers now owns 30,448 shares of the Wireless communications provider’s stock valued at $653,000 after purchasing an additional 805 shares during the last quarter.

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.