SK Telecom (NYSE:SKM) Lifted to Strong-Buy at StockNews.com

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

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

SK Telecom Stock Down 0.2 %

SKM traded down $0.04 during trading on Wednesday, reaching $19.93. 267,780 shares of the company were exchanged, compared to its average volume of 319,650. The firm has a 50 day moving average of $21.59 and a 200 day moving average of $21.25. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.94 and a quick ratio of 0.92. SK Telecom has a 52 week low of $18.52 and a 52 week high of $22.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. grew its stake in shares of SK Telecom by 31.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 39,199 shares of the Wireless communications provider’s stock worth $845,000 after purchasing an additional 9,445 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of SK Telecom by 63.6% in the first quarter. DGS Capital Management LLC now owns 155,930 shares of the Wireless communications provider’s stock worth $3,362,000 after purchasing an additional 60,591 shares in the last quarter. Green Alpha Advisors LLC grew its stake in shares of SK Telecom by 19.8% in the first quarter. Green Alpha Advisors LLC now owns 58,544 shares of the Wireless communications provider’s stock worth $1,262,000 after purchasing an additional 9,673 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of SK Telecom by 474.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 11,106 shares of the Wireless communications provider’s stock worth $238,000 after purchasing an additional 9,171 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of SK Telecom in the fourth quarter worth $1,096,000.

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.