SK Telecom Co Ltd (SKM) Given Average Rating of “Hold” by Analysts
Shares of SK Telecom Co Ltd (NYSE:SKM) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $30.00.
Separately, HSBC raised shares of SK Telecom from a “hold” rating to a “buy” rating in a report on Friday, October 26th.
A number of institutional investors have recently added to or reduced their stakes in SKM. Csenge Advisory Group acquired a new position in shares of SK Telecom during the third quarter valued at $116,000. Nordea Investment Management AB acquired a new position in shares of SK Telecom during the third quarter valued at $82,046,000. Banco de Sabadell S.A boosted its holdings in shares of SK Telecom by 656.9% during the third quarter. Banco de Sabadell S.A now owns 43,376 shares of the Wireless communications provider’s stock valued at $1,193,000 after acquiring an additional 37,645 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of SK Telecom by 4.2% during the third quarter. Macquarie Group Ltd. now owns 9,637,496 shares of the Wireless communications provider’s stock valued at $268,693,000 after acquiring an additional 387,490 shares during the period. Finally, Henry James International Management Inc. acquired a new position in shares of SK Telecom during the third quarter valued at $855,000. 10.42% of the stock is owned by hedge funds and other institutional investors.
SK Telecom (NYSE:SKM) last released its quarterly earnings data on Friday, September 14th. The Wireless communications provider reported $1.33 EPS for the quarter. The firm had revenue of $3.86 billion during the quarter. SK Telecom had a net margin of 18.28% and a return on equity of 20.22%. On average, analysts anticipate that SK Telecom will post 4.21 earnings per share for the current fiscal year.
SK Telecom Company Profile
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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