Macquarie initiated coverage on shares of SK Telecom (NYSE:SKM) in a research report sent to investors on Tuesday morning, Briefing.com Automated Import reports. The brokerage issued an outperform rating on the Wireless communications provider’s stock.

Separately, Zacks Investment Research cut shares of SK Telecom from a hold rating to a strong sell rating in a report on Tuesday, February 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. SK Telecom presently has a consensus rating of Hold.

SKM stock opened at $23.40 on Tuesday. The stock has a market capitalization of $15.23 billion, a PE ratio of 5.25 and a beta of 0.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.16 and a quick ratio of 1.12. SK Telecom has a 12 month low of $22.66 and a 12 month high of $28.56.

Hedge funds have recently bought and sold shares of the company. Cresset Asset Management LLC lifted its holdings in shares of SK Telecom by 76.4% in the first quarter. Cresset Asset Management LLC now owns 1,231 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 533 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of SK Telecom in the first quarter worth about $36,000. Mckinley Capital Management LLC Delaware bought a new position in shares of SK Telecom in the fourth quarter worth about $38,000. Investors Research Corp bought a new position in shares of SK Telecom in the first quarter worth about $64,000. Finally, Lindbrook Capital LLC bought a new position in shares of SK Telecom in the fourth quarter worth about $65,000. 10.38% of the stock is owned by hedge funds and other institutional investors.

About SK Telecom

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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