SK Telecom (SKM) Lifted to Buy at Citigroup

Citigroup upgraded shares of SK Telecom (NYSE:SKM) from a neutral rating to a buy rating in a research note published on Friday, Marketbeat.com reports.

A number of other analysts have also recently weighed in on SKM. BidaskClub cut shares of SK Telecom from a buy rating to a hold rating in a research note on Saturday, August 12th. Zacks Investment Research cut shares of SK Telecom from a strong-buy rating to a hold rating in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $29.00.

Shares of SK Telecom (NYSE SKM) traded down $0.06 during trading hours on Friday, reaching $27.38. 556,500 shares of the company were exchanged, compared to its average volume of 555,637. The company has a market capitalization of $17,401.22, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.91. SK Telecom has a fifty-two week low of $20.44 and a fifty-two week high of $28.13.

A number of hedge funds have recently added to or reduced their stakes in SKM. Bank of New York Mellon Corp lifted its holdings in SK Telecom by 13.8% in the first quarter. Bank of New York Mellon Corp now owns 19,040 shares of the Wireless communications provider’s stock valued at $479,000 after buying an additional 2,315 shares during the period. Vanguard Group Inc. lifted its holdings in SK Telecom by 10.0% in the first quarter. Vanguard Group Inc. now owns 1,263,951 shares of the Wireless communications provider’s stock valued at $31,826,000 after buying an additional 114,502 shares during the period. Dimensional Fund Advisors LP lifted its holdings in SK Telecom by 226.9% in the first quarter. Dimensional Fund Advisors LP now owns 32,485 shares of the Wireless communications provider’s stock valued at $818,000 after buying an additional 22,549 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in SK Telecom by 11.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 145,175 shares of the Wireless communications provider’s stock valued at $3,656,000 after buying an additional 14,924 shares during the period. Finally, US Bancorp DE increased its stake in SK Telecom by 14.4% in the second quarter. US Bancorp DE now owns 12,126 shares of the Wireless communications provider’s stock valued at $311,000 after purchasing an additional 1,522 shares in the last quarter. Institutional investors and hedge funds own 11.41% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “SK Telecom (SKM) Lifted to Buy at Citigroup” was published by Community Financial News and is the property of of Community Financial News. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://www.com-unik.info/2017/12/04/sk-telecom-skm-lifted-to-buy-at-citigroup.html.

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.

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