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

SK Telecom Co., Ltd. (NYSE:SKM) has earned an average rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several research firms recently weighed in on SKM. Weiss Ratings restated a “hold (c)” rating on shares of SK Telecom in a report on Monday, December 29th. Daiwa Securities Group downgraded shares of SK Telecom to a “hold” rating in a research report on Wednesday, January 14th. Zacks Research raised shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Finally, Wall Street Zen upgraded shares of SK Telecom from a “sell” rating to a “hold” rating in a research note on Saturday.

SK Telecom Trading Up 0.6%

Shares of NYSE SKM opened at $28.59 on Thursday. SK Telecom has a 52-week low of $19.66 and a 52-week high of $30.29. The stock has a 50 day moving average price of $22.31 and a 200 day moving average price of $21.71. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68.

SK Telecom (NYSE:SKM) last issued its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share for the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. The firm had revenue of $2.83 billion for the quarter. As a group, equities analysts forecast that SK Telecom will post 2.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in SK Telecom during the 2nd quarter worth $313,000. West Family Investments Inc. acquired a new stake in SK Telecom in the second quarter worth about $416,000. Farther Finance Advisors LLC grew its stake in shares of SK Telecom by 1,780.9% during the second quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 1,585 shares during the last quarter. North of South Capital LLP acquired a new position in shares of SK Telecom during the third quarter valued at about $1,133,000. Finally, Atria Investments Inc purchased a new position in shares of SK Telecom in the 2nd quarter valued at approximately $504,000.

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.