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

SK Telecom (NYSE:SKM) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

SK Telecom Stock Down 0.4 %

Shares of NYSE:SKM opened at $22.29 on Friday. SK Telecom has a 12-month low of $19.88 and a 12-month high of $24.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.98 and a quick ratio of 0.95. The stock’s 50-day moving average price is $23.25 and its two-hundred day moving average price is $22.16.

Institutional Trading of SK Telecom

Hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its position in SK Telecom by 27.8% during the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after buying an additional 488 shares during the period. EverSource Wealth Advisors LLC boosted its stake in SK Telecom by 104.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 1,372 shares during the period. Assetmark Inc. boosted its stake in SK Telecom by 57.6% during the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after purchasing an additional 1,078 shares during the period. Ariadne Wealth Management LP bought a new stake in SK Telecom during the 2nd quarter valued at approximately $127,000. Finally, D Orazio & Associates Inc. bought a new stake in SK Telecom during the 3rd quarter valued at approximately $200,000.

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.