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

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

SKM has been the subject of a number of other research reports. UBS Group started coverage on SK Telecom in a research report on Wednesday, February 19th. They set a "buy" rating for the company. The Goldman Sachs Group cut SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, SK Telecom has an average rating of "Moderate Buy".

SK Telecom Price Performance

SK Telecom stock traded down $0.50 during midday trading on Friday, reaching $22.68. The company's stock had a trading volume of 23,791 shares, compared to its average volume of 266,056. The firm has a market capitalization of $8.93 billion, a PE ratio of 9.26, a P/E/G ratio of 1.27 and a beta of 0.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom has a fifty-two week low of $20.28 and a fifty-two week high of $24.58. The stock's 50 day simple moving average is $21.76 and its 200 day simple moving average is $22.02.

SK Telecom (NYSE:SKM - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. On average, equities research analysts forecast that SK Telecom will post 2.27 earnings per share for the current year.

Institutional Trading of SK Telecom

A number of institutional investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of SK Telecom by 24.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider's stock worth $61,827,000 after purchasing an additional 583,519 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in SK Telecom by 9.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider's stock worth $33,567,000 after acquiring an additional 133,742 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in SK Telecom during the 4th quarter worth approximately $10,712,000. O Shaughnessy Asset Management LLC lifted its position in SK Telecom by 41.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 289,356 shares of the Wireless communications provider's stock worth $6,088,000 after acquiring an additional 85,278 shares in the last quarter. Finally, Meritage Portfolio Management lifted its position in SK Telecom by 24.5% during the 4th quarter. Meritage Portfolio Management now owns 222,170 shares of the Wireless communications provider's stock worth $4,674,000 after acquiring an additional 43,778 shares in the last quarter.

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.