SK Telecom (SKM) Upgraded at ValuEngine

SK Telecom (NYSE:SKM) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of SK Telecom from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a report on Friday, January 5th. Citigroup upgraded shares of SK Telecom from a “neutral” rating to a “buy” rating in a report on Friday, December 1st. CLSA downgraded shares of SK Telecom from an “outperform” rating to an “underperform” rating in a research report on Wednesday, January 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of SK Telecom in a research report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $30.00.

SK Telecom (NYSE SKM) traded down $0.05 during mid-day trading on Tuesday, hitting $24.50. 391,270 shares of the stock were exchanged, compared to its average volume of 517,656. SK Telecom has a twelve month low of $21.78 and a twelve month high of $28.97. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.90. The firm has a market capitalization of $15,456.45, a price-to-earnings ratio of 7.12 and a beta of 0.34.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in SK Telecom during the third quarter valued at approximately $101,000. FNY Managed Accounts LLC purchased a new position in SK Telecom during the third quarter valued at approximately $119,000. Fieldpoint Private Securities LLC purchased a new position in SK Telecom during the third quarter valued at approximately $122,000. BancorpSouth Bank purchased a new position in SK Telecom during the fourth quarter valued at approximately $205,000. Finally, Bessemer Group Inc. grew its position in SK Telecom by 66.9% during the third quarter. Bessemer Group Inc. now owns 7,569 shares of the Wireless communications provider’s stock valued at $186,000 after purchasing an additional 3,033 shares in the last quarter. 11.32% of the stock is currently owned by hedge funds and other institutional investors.

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SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.

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

Analyst Recommendations for SK Telecom (NYSE:SKM)

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