SK Telecom Co., Ltd. (SKM) – What Are Analysts Thinking About This Stock?

SK Telecom Co., Ltd. (NYSE:SKM) has earned a consensus rating of “Reduce” from the seven research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company.

SKM has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. JPMorgan Chase & Co. upgraded SK Telecom from a “neutral” rating to an “overweight” rating in a report on Thursday, July 16th. Zacks Research raised SK Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, October 12th. Finally, Weiss Ratings upgraded SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th.

SK Telecom Stock Down 2.7%

SKM opened at $31.94 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. SK Telecom has a 12 month low of $19.66 and a 12 month high of $47.18. The business’s 50-day moving average price is $36.61 and its 200-day moving average price is $35.84. The company has a market cap of $12.26 billion, a P/E ratio of 25.55 and a beta of 0.72.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.59 by $0.22. The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.96 billion. SK Telecom had a net margin of 4.23% and a return on equity of 5.30%. On average, equities analysts expect that SK Telecom will post 2.21 EPS for the current year.

Hedge Funds Weigh In On SK Telecom

Hedge funds have recently made changes to their positions in the business. Tidal Investments LLC bought a new position in shares of SK Telecom during the second quarter valued at approximately $42,869,000. BlueCrest Capital Management Ltd purchased a new stake in SK Telecom in the second quarter worth $24,120,000. ABN Amro Investment Solutions lifted its stake in SK Telecom by 136.8% in the first quarter. ABN Amro Investment Solutions now owns 568,343 shares of the Wireless communications provider’s stock worth $16,647,000 after acquiring an additional 328,300 shares during the period. Nykredit A S bought a new stake in SK Telecom in the second quarter valued at $14,475,000. Finally, Baird Financial Group Inc. bought a new stake in SK Telecom in the second quarter valued at $14,459,000.

About SK Telecom

SK Telecom Co, Ltd. is a South Korean telecommunications company and a member of the SK Group. Headquartered in Seoul, the company provides mobile communications services, including voice, messaging, wireless data, 5G connectivity and related subscription services, primarily in South Korea.

Through its affiliates and business operations, SK Telecom also offers fixed-line broadband internet, internet protocol television and media services. Its enterprise portfolio includes cloud computing, data center services, information and communication technology solutions, artificial intelligence and Internet of Things services for businesses and public-sector customers.

The company traces its origins to Korea Mobile Telecommunications, established in 1984, and adopted the SK Telecom name in 1998 following its incorporation into the SK Group.