SK Telecom (NYSE:SKM) Stock Rating Upgraded by StockNews.com

SK Telecom (NYSE:SKM) was upgraded by equities research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

SK Telecom Price Performance

SK Telecom stock opened at $22.29 on Friday. SK Telecom has a 1 year low of $19.88 and a 1 year high of $24.58. The company’s 50-day moving average is $23.22 and its two-hundred day moving average is $22.19. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.95 and a current ratio of 0.98.

Institutional Trading of SK Telecom

A number of institutional investors have recently bought and sold shares of SKM. GAMMA Investing LLC lifted its stake in shares of SK Telecom by 27.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,246 shares of the Wireless communications provider’s stock valued at $53,000 after purchasing an additional 488 shares during the period. EverSource Wealth Advisors LLC increased 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 purchasing an additional 1,372 shares during the last quarter. Assetmark Inc. lifted its stake 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 buying an additional 1,078 shares during the period. Ariadne Wealth Management LP bought a new position in SK Telecom during the second quarter worth about $127,000. Finally, D Orazio & Associates Inc. bought a new position in SK Telecom during the third quarter worth about $200,000.

About SK Telecom

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.