SK Telecom Co. (SKM) Given Coverage Optimism Rating of 0.18
News articles about SK Telecom Co. (NYSE:SKM) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SK Telecom Co. earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the Wireless communications provider an impact score of 46.3261257035528 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SK Telecom Co. (SKM) traded down 3.07% during trading on Thursday, reaching $26.17. 772,765 shares of the company traded hands. The firm has a market capitalization of $16.87 billion, a price-to-earnings ratio of 9.42 and a beta of 0.35. SK Telecom Co. has a 12-month low of $20.44 and a 12-month high of $28.13. The firm’s 50 day moving average price is $26.30 and its 200 day moving average price is $24.33.
Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a report on Thursday, April 20th. Citigroup Inc. restated a “neutral” rating on shares of SK Telecom Co. in a report on Monday, April 24th. Credit Suisse Group lowered shares of SK Telecom Co. from an “outperform” rating to a “neutral” rating in a report on Tuesday, May 30th. BidaskClub upgraded shares of SK Telecom Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of SK Telecom Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 21st. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $32.00.
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About SK Telecom Co.
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.
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