Sk Telecom Corporati Upgraded to Buy at Bank of America Corp. (SKM)
Sk Telecom Corporati (NYSE:SKM) was upgraded by investment analysts at Bank of America Corp. to a “buy” rating in a note issued to investors on Thursday, Analyst RN reports.
Shares of Sk Telecom Corporati (NYSE:SKM) traded down 2.08% on Thursday, hitting $22.15. 1,681,547 shares of the company’s stock traded hands. Sk Telecom Corporati has a 1-year low of $16.90 and a 1-year high of $25.16. The stock has a 50-day moving average of $23.97 and a 200-day moving average of $22.90. The company has a market cap of $14.083 billion and a P/E ratio of 8.64.
Separately, analysts at Zacks downgraded shares of Sk Telecom Corporati from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. They now have a $26.00 price target on the stock.
SK Telecom Co, Ltd. (NYSE:SKM) is a Korea-based wireless telecommunications services provider.
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