Zacks Investment Research upgraded shares of SK Telecom Co Ltd (NYSE:SKM) from a hold rating to a strong-buy rating in a research report report published on Thursday morning. Zacks Investment Research currently has $28.00 target price on the Wireless communications provider’s stock.

According to Zacks, “SK Telecom Co. is the world’s first commercial CDMA digital cellular service. As of September 30, 1997, they have provided the highest quality service for more than 4 million cellular customers which includes 2.3 million digital cellular customers, and 7.1 million paging customers. “

Shares of SK Telecom Co (NYSE:SKM) traded up 0.49% during mid-day trading on Thursday, reaching $24.38. 316,418 shares of the company’s stock traded hands. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 10.59 and a beta of 0.60. The company has a 50 day moving average of $24.46 and a 200 day moving average of $22.36. SK Telecom Co has a 12 month low of $18.93 and a 12 month high of $26.07.

ILLEGAL ACTIVITY WARNING: “SK Telecom Co Ltd (SKM) Upgraded to Strong-Buy by Zacks Investment Research” was first published by Financial Market News and is owned by of Financial Market News. If you are viewing this piece on another publication, it was stolen and reposted in violation of U.S. and international copyright and trademark laws. The original version of this piece can be viewed at https://www.financial-market-news.com/2017/04/21/sk-telecom-co-ltd-skm-upgraded-to-strong-buy-by-zacks-investment-research.html.

Several institutional investors have recently modified their holdings of the company. Geneva Advisors LLC raised its stake in SK Telecom Co by 0.3% in the third quarter. Geneva Advisors LLC now owns 13,111 shares of the Wireless communications provider’s stock worth $296,000 after buying an additional 45 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in SK Telecom Co by 6.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,379 shares of the Wireless communications provider’s stock worth $114,000 after buying an additional 318 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in SK Telecom Co by 0.9% in the third quarter. Manning & Napier Advisors LLC now owns 104,916 shares of the Wireless communications provider’s stock worth $2,370,000 after buying an additional 912 shares during the last quarter. Atria Investments LLC raised its stake in SK Telecom Co by 8.9% in the first quarter. Atria Investments LLC now owns 11,190 shares of the Wireless communications provider’s stock worth $282,000 after buying an additional 912 shares during the last quarter. Finally, US Bancorp DE raised its stake in SK Telecom Co by 12.7% in the third quarter. US Bancorp DE now owns 9,659 shares of the Wireless communications provider’s stock worth $218,000 after buying an additional 1,092 shares during the last quarter. 11.35% of the stock is currently owned by institutional investors.

SK Telecom Co 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.

5 Day Chart for NYSE:SKM

Get a free copy of the Zacks research report on SK Telecom Co (SKM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SK Telecom Co Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom Co Ltd and related companies with MarketBeat.com's FREE daily email newsletter.