Shares of SK Telecom Co Ltd (NYSE:SKM) have earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.00.
A number of research firms have recently issued reports on SKM. ValuEngine downgraded shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 7th. Macquarie downgraded shares of SK Telecom from an “outperform” rating to a “neutral” rating in a report on Friday, February 23rd. Zacks Investment Research raised shares of SK Telecom from a “hold” rating to a “strong-buy” rating and set a $30.00 price objective for the company in a report on Friday, February 9th. CLSA downgraded shares of SK Telecom from an “outperform” rating to an “underperform” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of SK Telecom in a report on Thursday, January 11th.
Institutional investors have recently bought and sold shares of the business. Stifel Financial Corp bought a new stake in SK Telecom in the third quarter worth $1,066,000. Schwab Charles Investment Management Inc. increased its position in shares of SK Telecom by 10.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 189,271 shares of the Wireless communications provider’s stock valued at $4,655,000 after acquiring an additional 17,368 shares during the period. Jane Street Group LLC purchased a new position in shares of SK Telecom in the third quarter valued at about $2,227,000. LMR Partners LLP purchased a new position in shares of SK Telecom in the third quarter valued at about $7,830,000. Finally, Oldfield Partners LLP increased its position in shares of SK Telecom by 2.1% in the fourth quarter. Oldfield Partners LLP now owns 2,792,924 shares of the Wireless communications provider’s stock valued at $77,950,000 after acquiring an additional 57,250 shares during the period. 11.16% of the stock is owned by institutional investors and hedge funds.
About SK Telecom
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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