SK Telecom Co.,Ltd (NYSE:SKM) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of SK Telecom Co.,Ltd (NYSE:SKM – Get Rating) in a report issued on Thursday morning. The brokerage issued a buy rating on the Wireless communications provider’s stock.

Separately, Nomura downgraded shares of SK Telecom Co.,Ltd from a buy rating to a neutral rating in a research note on Thursday, February 9th.

SK Telecom Co.,Ltd Stock Performance

SK Telecom Co.,Ltd stock opened at $20.02 on Thursday. The company has a 50 day moving average price of $20.34 and a 200-day moving average price of $20.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.88 and a current ratio of 0.90. SK Telecom Co.,Ltd has a fifty-two week low of $18.26 and a fifty-two week high of $28.10. The company has a market capitalization of $8.84 billion, a PE ratio of 55.61 and a beta of 0.73.

Hedge Funds Weigh In On SK Telecom Co.,Ltd

A number of large investors have recently bought and sold shares of SKM. Robeco Institutional Asset Management B.V. bought a new position in SK Telecom Co.,Ltd in the fourth quarter worth approximately $35,724,000. JPMorgan Chase & Co. raised its stake in SK Telecom Co.,Ltd by 196.7% in the second quarter. JPMorgan Chase & Co. now owns 1,451,517 shares of the Wireless communications provider’s stock worth $32,397,000 after buying an additional 962,294 shares in the last quarter. Nordea Investment Management AB bought a new position in SK Telecom Co.,Ltd in the second quarter worth approximately $18,137,000. Goldman Sachs Group Inc. raised its stake in SK Telecom Co.,Ltd by 744.0% in the second quarter. Goldman Sachs Group Inc. now owns 671,890 shares of the Wireless communications provider’s stock worth $14,996,000 after buying an additional 592,279 shares in the last quarter. Finally, BlackRock Inc. raised its stake in SK Telecom Co.,Ltd by 47.6% in the first quarter. BlackRock Inc. now owns 1,316,978 shares of the Wireless communications provider’s stock worth $33,754,000 after buying an additional 424,441 shares in the last quarter. Institutional investors own 4.92% of the company’s stock.

About SK Telecom Co.,Ltd

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SK Telecom Co, Ltd. engages in the provision of wireless telecommunication and internet services. Its products include mobile phones, wireless data, information communication, and others. The company was founded on March 29, 1984 and is headquartered in Seoul, South Korea.