Brokerage Firm Rating on SK Telecom Co. Ltd. (SKM)

SK Telecom Co. Ltd. (SKM) : 1 brokerage houses believe that SK Telecom Co. Ltd. (SKM) is a Strong Buy at current levels. Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 1 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.


For the current week, the company shares have a recommendation consensus of Buy. SK Telecom Co. Ltd. (NYSE:SKM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $22.96 and $22.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $23.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.91, notching a gain of 0.66% for the day. The total traded volume was 355,049 . The stock had closed at $22.76 on the previous day.

SK Telecom Co., Ltd. is a wireless telecommunications service provider. The Company offers the following core services: Cellular voice services; Wireless data services; Broadband Internet, Internet Protocol television (IPTV) and fixed-line telephone services, and New businesses. The Company provides wireless voice transmission and wireless global roaming services. The Company also provides wireless data transmission services, including wireless Internet access services, and text and multimedia messages. The Companys subsidiary, SK Broadband provides broadband Internet access service and other Internet-related services, including video-on-demand and IPTV services. The Company also provides local, domestic long-distance and international long-distance fixed-line telephone services to residential and commercial subscribers. Its new businesses include platform business, business-to-business (B2B) solutions business, healthcare business and other businesses.

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