ValuEngine downgraded shares of SK Telecom (NYSE:SKM) from a hold rating to a sell rating in a research report report published on Monday morning, ValuEngine reports.

Several other research analysts have also issued reports on the company. Macquarie began coverage on SK Telecom in a research report on Tuesday, May 21st. They issued an outperform rating for the company. Zacks Investment Research lowered Hancock Jaffe Laboratories from a buy rating to a hold rating in a research report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold.

Shares of NYSE:SKM opened at $24.14 on Monday. SK Telecom has a 52-week low of $23.14 and a 52-week high of $28.56. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 5.41 and a beta of 0.29. The stock has a 50 day moving average price of $24.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.05 and a quick ratio of 1.02.

Several large investors have recently made changes to their positions in SKM. Silchester International Investors LLP increased its position in SK Telecom by 1.6% during the 1st quarter. Silchester International Investors LLP now owns 12,271,552 shares of the Wireless communications provider’s stock valued at $300,530,000 after buying an additional 196,115 shares in the last quarter. Nordea Investment Management AB increased its position in SK Telecom by 0.6% during the 4th quarter. Nordea Investment Management AB now owns 2,959,498 shares of the Wireless communications provider’s stock valued at $79,316,000 after buying an additional 16,659 shares in the last quarter. Oldfield Partners LLP increased its position in SK Telecom by 7.0% during the 1st quarter. Oldfield Partners LLP now owns 2,870,174 shares of the Wireless communications provider’s stock valued at $70,290,000 after buying an additional 188,900 shares in the last quarter. Bank of America Corp DE increased its position in SK Telecom by 9.4% during the 4th quarter. Bank of America Corp DE now owns 2,644,585 shares of the Wireless communications provider’s stock valued at $70,874,000 after buying an additional 226,252 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in SK Telecom by 2.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,098,972 shares of the Wireless communications provider’s stock valued at $51,404,000 after buying an additional 55,036 shares in the last quarter. 10.31% of the stock is owned by hedge funds and other institutional investors.

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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