SK Telecom Co., Ltd. (NYSE:SKM) Given Consensus Rating of “Hold” by Analysts

SK Telecom Co., Ltd. (NYSE:SKM) has received an average recommendation of “Hold” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company.

Several equities analysts recently weighed in on the company. Daiwa Capital Markets cut SK Telecom to a “hold” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of SK Telecom in a report on Monday, December 29th. Finally, Zacks Research raised SK Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SKM. Royal Bank of Canada grew its position in SK Telecom by 8.2% during the first quarter. Royal Bank of Canada now owns 43,999 shares of the Wireless communications provider’s stock worth $936,000 after buying an additional 3,316 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of SK Telecom in the 1st quarter worth approximately $85,000. Millennium Management LLC grew its holdings in shares of SK Telecom by 160.7% during the 1st quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock worth $4,823,000 after purchasing an additional 139,829 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of SK Telecom by 46.9% during the first quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider’s stock valued at $5,531,000 after purchasing an additional 83,030 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of SK Telecom by 8.6% in the first quarter. Rhumbline Advisers now owns 94,631 shares of the Wireless communications provider’s stock valued at $2,012,000 after purchasing an additional 7,485 shares in the last quarter.

SK Telecom Price Performance

NYSE SKM opened at $20.91 on Friday. SK Telecom has a 1 year low of $19.66 and a 1 year high of $23.80. The company has a fifty day simple moving average of $20.26 and a 200 day simple moving average of $21.31. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The company has a market cap of $8.31 billion, a P/E ratio of 31.20, a P/E/G ratio of 0.68 and a beta of 0.49.

SK Telecom (NYSE:SKM) last released its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share for the quarter. SK Telecom had a return on equity of 5.30% and a net margin of 3.60%. On average, sell-side analysts predict that SK Telecom will post 2.27 EPS for the current year.

SK Telecom Company Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.