SK Telecom (NYSE:SKM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of SK Telecom (NYSE:SKM) from a sell rating to a hold rating in a report published on Saturday morning.

SKM has been the topic of several other reports. Daiwa Securities Group lowered shares of SK Telecom to a “hold” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of SK Telecom in a research report on Monday, December 29th. Finally, Zacks Research raised shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

SK Telecom Stock Performance

SKM stock opened at $28.59 on Friday. SK Telecom has a one year low of $19.66 and a one year high of $30.29. The firm’s 50 day moving average price is $22.31 and its 200-day moving average price is $21.71. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 0.68.

SK Telecom (NYSE:SKM) last posted its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 5.30% and a net margin of 3.60%.The business had revenue of $2.83 billion for the quarter. As a group, equities research analysts forecast that SK Telecom will post 2.27 EPS for the current year.

Institutional Trading of SK Telecom

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its holdings in shares of SK Telecom by 94.2% in the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 648 shares in the last quarter. Allworth Financial LP lifted its holdings in SK Telecom by 138.2% during the 3rd quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 987 shares in the last quarter. HM Payson & Co. boosted its position in SK Telecom by 38.9% in the 3rd quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock valued at $39,000 after buying an additional 510 shares during the period. Wexford Capital LP acquired a new position in shares of SK Telecom in the third quarter worth $39,000. Finally, Matthews International Capital Management LLC increased its position in shares of SK Telecom by 50.4% during the fourth quarter. Matthews International Capital Management LLC now owns 2,491 shares of the Wireless communications provider’s stock worth $51,000 after acquiring an additional 835 shares during the period.

About SK Telecom

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.