Shares of SK Telecom Co Ltd (NYSE:SKM) have received a consensus rating of “Hold” from the six analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $30.00.

Separately, ValuEngine upgraded shares of SK Telecom from a “sell” rating to a “hold” rating in a research note on Friday, July 6th.

Shares of SKM traded up $0.89 during mid-day trading on Tuesday, hitting $26.81. 519,100 shares of the company’s stock were exchanged, compared to its average volume of 474,928. SK Telecom has a fifty-two week low of $22.66 and a fifty-two week high of $28.97. The company has a market capitalization of $16.40 billion, a price-to-earnings ratio of 5.19 and a beta of 0.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.83 and a current ratio of 0.87.

SK Telecom (NYSE:SKM) last announced its earnings results on Thursday, June 14th. The Wireless communications provider reported $1.02 earnings per share for the quarter. SK Telecom had a net margin of 16.71% and a return on equity of 20.25%. The business had revenue of $3.89 billion during the quarter.

A number of large investors have recently made changes to their positions in SKM. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in SK Telecom in the first quarter valued at about $131,000. Mount Yale Investment Advisors LLC acquired a new stake in SK Telecom in the first quarter valued at about $161,000. PNC Financial Services Group Inc. lifted its position in SK Telecom by 86.9% in the second quarter. PNC Financial Services Group Inc. now owns 8,141 shares of the Wireless communications provider’s stock valued at $189,000 after purchasing an additional 3,786 shares during the period. Sawtooth Solutions LLC acquired a new stake in SK Telecom in the second quarter valued at about $246,000. Finally, Cozad Asset Management Inc. acquired a new stake in SK Telecom in the second quarter valued at about $246,000. Hedge funds and other institutional investors own 10.61% of the company’s stock.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice transmission and data transmission services; cellular global roaming services; interconnection services to connect its networks to fixed-line and other wireless networks; Internet of Things solutions; and platform services, as well as sells wireless devices, including smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

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