StockNews.com initiated coverage on shares of SK Telecom ( NYSE:SKM – Free Report ) in a research report sent to investors on Thursday morning. The firm issued a buy rating on the Wireless communications provider's stock. SK Telecom Stock Performance Shares of NYSE:SKM traded down $0.19 during midday trading on Thursday, hitting $19.42. The stock had a trading volume of 233,727 shares, compared to its average volume of 328,661. The company's 50-day moving average price is $19.87 and its 200-day moving average price is $20.

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