SK Telecom (NYSE:SKM) Stock Rating Upgraded by ValuEngine

SK Telecom (NYSE:SKM) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

Other analysts have also recently issued research reports about the stock. Morgan Stanley raised shares of SK Telecom from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 26th. Zacks Investment Research cut shares of SK Telecom from a “buy” rating to a “hold” rating in a research note on Saturday, July 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy”.

SKM stock opened at $22.30 on Thursday. The stock has a market capitalization of $14.04 billion, a P/E ratio of 4.24 and a beta of 0.32. The firm has a 50-day simple moving average of $22.02 and a 200-day simple moving average of $23.36. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.39. SK Telecom has a 52 week low of $21.22 and a 52 week high of $28.56.

Hedge funds have recently added to or reduced their stakes in the company. Next Capital Management LLC purchased a new stake in shares of SK Telecom during the second quarter worth about $26,000. Pacer Advisors Inc. purchased a new stake in shares of SK Telecom during the second quarter worth about $31,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of SK Telecom during the second quarter worth about $42,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of SK Telecom during the second quarter worth about $52,000. Finally, Lindbrook Capital LLC increased its stake in shares of SK Telecom by 24.4% during the second quarter. Lindbrook Capital LLC now owns 3,171 shares of the Wireless communications provider’s stock worth $78,000 after purchasing an additional 622 shares in the last quarter. 10.32% of the stock is owned by institutional investors and hedge funds.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. It operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission services; cellular global roaming services; interconnection services; Internet of Things solutions; and platform services, as well as sells smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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