Morgan Stanley reissued their equal weight rating on shares of SK Telecom (NYSE:SKM) in a research report sent to investors on Thursday morning, Marketbeat.com reports.

Other research analysts also recently issued reports about the company. Citigroup upgraded SK Telecom from a neutral rating to a buy rating in a research report on Friday, December 1st. Zacks Investment Research upgraded SK Telecom from a hold rating to a buy rating and set a $29.00 target price for the company in a research report on Wednesday, November 8th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. SK Telecom currently has an average rating of Buy and an average price target of $31.00.

SK Telecom (NYSE SKM) traded up $0.08 during midday trading on Thursday, hitting $27.80. The stock had a trading volume of 266,500 shares, compared to its average volume of 484,378. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market cap of $17,668.15, a P/E ratio of 8.08, a P/E/G ratio of 1.08 and a beta of 0.42. SK Telecom has a 52-week low of $20.94 and a 52-week high of $28.76.

SK Telecom (NYSE:SKM) last posted its earnings results on Monday, November 6th. The Wireless communications provider reported $1.10 EPS for the quarter. SK Telecom had a return on equity of 15.04% and a net margin of 14.23%. equities analysts expect that SK Telecom will post 3.22 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its position in SK Telecom by 12.6% in the third quarter. Parametric Portfolio Associates LLC now owns 1,373,261 shares of the Wireless communications provider’s stock worth $33,768,000 after buying an additional 153,976 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in SK Telecom in the third quarter worth $122,000. Sterling Capital Management LLC bought a new stake in SK Telecom in the third quarter worth $216,000. Cubist Systematic Strategies LLC lifted its position in SK Telecom by 110.3% in the third quarter. Cubist Systematic Strategies LLC now owns 26,459 shares of the Wireless communications provider’s stock worth $651,000 after buying an additional 13,876 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in SK Telecom in the third quarter worth $2,227,000. Hedge funds and other institutional investors own 11.40% of the company’s stock.

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SK Telecom 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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