ValuEngine lowered shares of SK Telecom (NYSE:SKM) from a hold rating to a sell rating in a research note issued to investors on Monday, ValuEngine reports.

Several other equities analysts also recently weighed in on SKM. JPMorgan Chase & Co. upgraded SK Telecom from a neutral rating to an overweight rating in a research report on Thursday, October 31st. Morgan Stanley upgraded SK Telecom from an equal weight rating to an overweight rating in a research report on Monday, August 26th. Finally, Zacks Investment Research downgraded SK Telecom from a buy rating to a hold rating in a research report on Saturday, November 2nd. One analyst has rated the stock with a sell rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. SK Telecom presently has an average rating of Buy and a consensus target price of $26.00.

NYSE SKM traded down $0.10 during trading hours on Monday, hitting $23.26. 207,200 shares of the company’s stock were exchanged, compared to its average volume of 358,161. The business’s 50 day moving average is $22.37 and its 200-day moving average is $23.13. SK Telecom has a 12-month low of $21.22 and a 12-month high of $28.56. The firm has a market capitalization of $14.96 billion, a P/E ratio of 5.22 and a beta of 0.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.02 and a current ratio of 1.05.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Capital Partners LLC purchased a new position in SK Telecom during the third quarter worth about $219,000. Tower Research Capital LLC TRC purchased a new position in SK Telecom during the third quarter worth about $44,000. Lenox Wealth Management Inc. lifted its position in SK Telecom by 1.8% during the third quarter. Lenox Wealth Management Inc. now owns 30,454 shares of the Wireless communications provider’s stock worth $676,000 after buying an additional 545 shares during the period. Mondrian Investment Partners LTD purchased a new position in SK Telecom during the third quarter worth about $41,000. Finally, Atlas Capital Advisors LLC raised its holdings in shares of SK Telecom by 6.9% in the 3rd quarter. Atlas Capital Advisors LLC now owns 29,559 shares of the Wireless communications provider’s stock worth $656,000 after purchasing an additional 1,908 shares during the period. Hedge funds and other institutional investors own 10.39% of the company’s stock.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. It operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission services; cellular global roaming services; interconnection services; Internet of Things solutions; and platform services, as well as sells smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

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