SK Telecom Co.,Ltd (NYSE:SKM) Reaches New 1-Year High at $33.53

SK Telecom Co.,Ltd (NYSE:SKM) hit a new 52-week high on Friday . The stock traded as high as $33.53 and last traded at $33.40, with a volume of 766 shares. The stock had previously closed at $33.05.

Separately, Zacks Investment Research downgraded SK Telecom Co.,Ltd from a “buy” rating to a “hold” rating in a report on Tuesday.

The stock has a market capitalization of $24.22 billion, a P/E ratio of 17.39 and a beta of 1.00. The stock has a 50 day moving average of $30.57. The company has a current ratio of 1.07, a quick ratio of 1.05 and a debt-to-equity ratio of 0.40.

A number of large investors have recently made changes to their positions in SKM. Baldwin Brothers Inc. MA bought a new position in SK Telecom Co.,Ltd in the first quarter worth approximately $36,000. Quantbot Technologies LP bought a new position in SK Telecom Co.,Ltd in the first quarter worth approximately $38,000. Standard Family Office LLC bought a new stake in SK Telecom Co.,Ltd during the 1st quarter valued at $41,000. Sowell Financial Services LLC increased its holdings in shares of SK Telecom Co.,Ltd by 31.0% in the 1st quarter. Sowell Financial Services LLC now owns 1,660 shares of the Wireless communications provider’s stock valued at $51,000 after acquiring an additional 393 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of SK Telecom Co.,Ltd by 283.2% in the 1st quarter. Captrust Financial Advisors now owns 1,920 shares of the Wireless communications provider’s stock worth $52,000 after acquiring an additional 1,419 shares in the last quarter. 7.63% of the stock is currently owned by institutional investors.

SK Telecom Co.,Ltd Company Profile (NYSE:SKM)

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea and internationally. The Cellular Services segment offers wireless voice and data transmission, cellular global roaming, interconnection, Internet of Things, and platform services, as well as sells smartphones, basic phones, tablets and other Internet access devices, and wearable devices.

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