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

SK Telecom Co., Ltd. (NYSE:SKM) has been assigned an average rating of “Hold” from the six research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company.

Several research analysts have issued reports on SKM shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SK Telecom in a report on Wednesday, October 8th. The Goldman Sachs Group cut shares of SK Telecom from a “neutral” rating to a “sell” rating in a report on Monday, July 7th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SKM. Allspring Global Investments Holdings LLC raised its holdings in shares of SK Telecom by 1.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,062,667 shares of the Wireless communications provider’s stock valued at $22,518,000 after purchasing an additional 17,718 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of SK Telecom by 87.1% during the first quarter. Envestnet Asset Management Inc. now owns 157,789 shares of the Wireless communications provider’s stock valued at $3,355,000 after purchasing an additional 73,444 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of SK Telecom by 39.8% during the first quarter. TD Private Client Wealth LLC now owns 16,950 shares of the Wireless communications provider’s stock valued at $360,000 after purchasing an additional 4,824 shares during the last quarter. Cerity Partners LLC purchased a new position in shares of SK Telecom during the first quarter valued at approximately $368,000. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in shares of SK Telecom by 4.4% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 160,720 shares of the Wireless communications provider’s stock valued at $3,417,000 after purchasing an additional 6,700 shares during the last quarter.

SK Telecom Stock Down 0.4%

Shares of SK Telecom stock opened at $20.70 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.03. The stock has a market capitalization of $8.15 billion, a PE ratio of 10.61, a price-to-earnings-growth ratio of 10.78 and a beta of 0.58. SK Telecom has a 52-week low of $19.84 and a 52-week high of $24.34. The company has a 50-day simple moving average of $21.64 and a two-hundred day simple moving average of $21.83.

SK Telecom (NYSE:SKM) last issued its earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.20). The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.14 billion. SK Telecom had a return on equity of 8.92% and a net margin of 5.92%. On average, analysts anticipate that SK Telecom will post 2.27 EPS for the current fiscal year.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.