SK Telecom (NYSE:SKM) Stock Rating Upgraded by StockNews.com

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

Separately, Nomura reiterated a “reduce” rating on shares of SK Telecom in a research report on Monday, February 5th.

SK Telecom Stock Performance

NYSE:SKM opened at $20.08 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.92 and a debt-to-equity ratio of 0.61. SK Telecom has a 12-month low of $18.52 and a 12-month high of $22.71. The stock has a 50-day moving average price of $21.57 and a 200 day moving average price of $21.24. The stock has a market capitalization of $8.86 billion, a P/E ratio of 45.64, a P/E/G ratio of 4.31 and a beta of 0.74.

Hedge Funds Weigh In On SK Telecom

Several institutional investors have recently added to or reduced their stakes in SKM. CWM LLC grew its holdings in SK Telecom by 3,900.0% during the 4th quarter. CWM LLC now owns 1,160 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 1,131 shares in the last quarter. Assetmark Inc. purchased a new position in SK Telecom during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its holdings in SK Telecom by 1,558.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 1,231 shares in the last quarter. GAMMA Investing LLC purchased a new position in SK Telecom during the 4th quarter valued at approximately $29,000. Finally, Matthews International Capital Management LLC purchased a new position in SK Telecom during the 3rd quarter valued at approximately $30,000.

About SK Telecom

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.