SK Telecom (SKM) Given Equal Weight Rating at Morgan Stanley
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.
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.
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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