SK Telecom Co Ltd (ADR) (SKM) is Downgraded by HSBC Securities to Hold

SK Telecom Co Ltd (ADR) (SKM) was Downgraded by HSBC Securities to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. HSBC Securities advised their investors in a research report released on Apr 27, 2016.

SK Telecom Co Ltd (ADR) closed down -0.16 points or -0.82% at $19.39 with 13,02,296 shares getting traded on Friday. Post opening the session at $19.39, the shares hit an intraday low of $19.26 and an intraday high of $19.52 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Company’s 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.

SK Telecom Co Ltd (ADR)

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