SK Telecom Co., Ltd. (NYSE:SKM) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of SK Telecom Co., Ltd. (NYSE:SKM) from a buy rating to a hold rating in a report published on Wednesday, July 12th.

A number of other research firms have also commented on SKM. Zacks Investment Research lowered shares of SK Telecom Co. from a strong-buy rating to a hold rating in a research report on Thursday, April 6th. Citigroup Inc. reissued a neutral rating on shares of SK Telecom Co. in a research report on Monday, April 24th. Finally, Credit Suisse Group lowered shares of SK Telecom Co. from an outperform rating to a neutral rating in a research report on Tuesday, May 30th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. SK Telecom Co. has an average rating of Buy and an average price target of $32.00.

SK Telecom Co. (NYSE:SKM) traded down 0.69% during midday trading on Wednesday, hitting $25.99. 1,000,082 shares of the stock traded hands. The company has a market cap of $16.76 billion, a P/E ratio of 9.35 and a beta of 0.35. SK Telecom Co. has a one year low of $20.44 and a one year high of $28.13. The company’s 50 day moving average is $26.32 and its 200-day moving average is $24.37.

ILLEGAL ACTIVITY NOTICE: “SK Telecom Co., Ltd. (NYSE:SKM) Cut to “Hold” at BidaskClub” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2017/08/11/bidaskclub-lowers-sk-telecom-co-ltd-nyseskm-to-hold-updated-updated-updated.html.

Institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. raised its position in shares of SK Telecom Co. by 10.1% in the first quarter. Macquarie Group Ltd. now owns 7,264,500 shares of the Wireless communications provider’s stock worth $182,928,000 after buying an additional 666,014 shares during the period. Nordea Investment Management AB raised its position in shares of SK Telecom Co. by 1.5% in the first quarter. Nordea Investment Management AB now owns 3,936,389 shares of the Wireless communications provider’s stock worth $99,118,000 after buying an additional 58,109 shares during the period. JPMorgan Chase & Co. raised its position in shares of SK Telecom Co. by 8.3% in the second quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock worth $90,471,000 after buying an additional 271,434 shares during the period. Bank of America Corp DE raised its position in shares of SK Telecom Co. by 22.3% in the first quarter. Bank of America Corp DE now owns 2,647,702 shares of the Wireless communications provider’s stock worth $66,670,000 after buying an additional 483,598 shares during the period. Finally, Oldfield Partners LLP raised its position in shares of SK Telecom Co. by 7.2% in the second quarter. Oldfield Partners LLP now owns 2,566,174 shares of the Wireless communications provider’s stock worth $65,874,000 after buying an additional 172,627 shares during the period. 11.87% of the stock is currently owned by institutional investors and hedge funds.

About SK Telecom Co.

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.

What are top analysts saying about SK Telecom Co. Ltd.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for SK Telecom Co. Ltd. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit