SK Telecom (NYSE:SKM) Upgraded at StockNews.com

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

Other analysts also recently issued research reports about the stock. Nomura raised shares of SK Telecom from a “reduce” rating to a “neutral” rating in a research report on Wednesday, May 8th. Nomura Securities raised shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 8th.

SK Telecom Stock Performance

NYSE:SKM opened at $21.31 on Friday. SK Telecom has a fifty-two week low of $18.52 and a fifty-two week high of $22.71. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.92. The company has a 50 day simple moving average of $21.10 and a two-hundred day simple moving average of $21.33.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Monday, April 29th. The Wireless communications provider reported $0.34 EPS for the quarter. The company had revenue of $3.43 billion during the quarter. SK Telecom had a net margin of 6.22% and a return on equity of 8.62%. On average, analysts forecast that SK Telecom will post 2.13 earnings per share for the current year.

Institutional Trading of SK Telecom

Several hedge funds have recently bought and sold shares of SKM. NBC Securities Inc. bought a new position in SK Telecom during the 3rd quarter valued at $87,000. Great Lakes Advisors LLC bought a new position in SK Telecom during the 3rd quarter valued at $242,000. Vanguard Personalized Indexing Management LLC lifted its stake in SK Telecom by 7.1% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 29,288 shares of the Wireless communications provider’s stock valued at $629,000 after acquiring an additional 1,952 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in SK Telecom by 2.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 179,525 shares of the Wireless communications provider’s stock valued at $3,853,000 after acquiring an additional 4,579 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in SK Telecom by 1.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 82,470 shares of the Wireless communications provider’s stock valued at $1,685,000 after acquiring an additional 1,080 shares in the last quarter.

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.