SK Telecom Co., Ltd. (NYSE:SKM) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of SK Telecom Co. from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Credit Suisse Group cut shares of SK Telecom Co. from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 30th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of SK Telecom Co. in a report on Monday, April 24th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. SK Telecom Co. has an average rating of “Hold” and a consensus target price of $28.00.

Shares of SK Telecom Co. (NYSE:SKM) traded down 3.08% during trading on Thursday, reaching $24.82. 700,007 shares of the company were exchanged. The stock’s 50-day moving average is $24.52 and its 200-day moving average is $23.30. SK Telecom Co. has a 52-week low of $20.38 and a 52-week high of $26.07. The firm has a market cap of $15.79 billion, a price-to-earnings ratio of 10.75 and a beta of 0.34.

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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of SK Telecom Co. by 6.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,379 shares of the Wireless communications provider’s stock worth $114,000 after buying an additional 318 shares in the last quarter. World Asset Management Inc boosted its position in shares of SK Telecom Co. by 1.5% in the first quarter. World Asset Management Inc now owns 32,321 shares of the Wireless communications provider’s stock worth $814,000 after buying an additional 467 shares in the last quarter. BB&T Corp boosted its position in shares of SK Telecom Co. by 1.5% in the first quarter. BB&T Corp now owns 40,231 shares of the Wireless communications provider’s stock worth $1,013,000 after buying an additional 605 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of SK Telecom Co. by 2.2% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,346 shares of the Wireless communications provider’s stock worth $865,000 after buying an additional 746 shares in the last quarter. Finally, Boston Common Asset Management LLC boosted its position in shares of SK Telecom Co. by 5.6% in the first quarter. Boston Common Asset Management LLC now owns 15,760 shares of the Wireless communications provider’s stock worth $397,000 after buying an additional 840 shares in the last quarter. Hedge funds and other institutional investors own 11.74% of the company’s stock.

SK Telecom Co. Company Profile

SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.

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