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

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

SK Telecom Stock Down 0.3 %

SK Telecom stock opened at $22.23 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. SK Telecom has a one year low of $19.88 and a one year high of $24.58. The business’s fifty day moving average is $23.22 and its 200 day moving average is $22.20.

Institutional Investors Weigh In On SK Telecom

Institutional investors have recently modified their holdings of the business. GAMMA Investing LLC lifted its holdings in SK Telecom by 27.8% in the third quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after acquiring an additional 488 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in SK Telecom by 104.7% in the first quarter. EverSource Wealth Advisors LLC now owns 2,682 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 1,372 shares during the period. Assetmark Inc. lifted its holdings in SK Telecom by 57.6% in the third quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock valued at $70,000 after acquiring an additional 1,078 shares during the period. Ariadne Wealth Management LP bought a new position in SK Telecom in the second quarter valued at about $127,000. Finally, PDS Planning Inc bought a new position in SK Telecom in the third quarter valued at about $200,000.

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.