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

StockNews.com upgraded shares of SK Telecom (NYSE:SKM) from a buy rating to a strong-buy rating in a research note released on Wednesday.

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

SK Telecom Stock Down 0.2 %

Shares of NYSE SKM opened at $19.93 on Wednesday. SK Telecom has a one year low of $18.52 and a one year high of $22.71. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.92 and a current ratio of 0.94. The business has a 50-day moving average price of $21.59 and a two-hundred day moving average price of $21.25.

Institutional Investors Weigh In On SK Telecom

Several institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of SK Telecom by 602.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,229,982 shares of the Wireless communications provider’s stock valued at $25,227,000 after buying an additional 1,054,990 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SK Telecom by 744.0% during the 2nd quarter. Goldman Sachs Group Inc. now owns 671,890 shares of the Wireless communications provider’s stock valued at $14,996,000 after buying an additional 592,279 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of SK Telecom by 71.8% during the 1st quarter. BlackRock Inc. now owns 1,193,354 shares of the Wireless communications provider’s stock valued at $24,476,000 after buying an additional 498,677 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of SK Telecom during the 3rd quarter valued at about $8,165,000. Finally, Federated Hermes Inc. acquired a new stake in shares of SK Telecom during the 1st quarter valued at about $7,100,000.

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.