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

SK Telecom Co., Ltd. (NYSE:SKM) has been given a consensus recommendation of “Reduce” by the eight research firms that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the company.

A number of equities research analysts have commented on SKM shares. Bank of America downgraded shares of SK Telecom from a “neutral” rating to an “underperform” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of SK Telecom in a report on Monday, December 29th. Citigroup downgraded SK Telecom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Wall Street Zen raised SK Telecom from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Zacks Research upgraded SK Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th.

Institutional Investors Weigh In On SK Telecom

Several hedge funds and other institutional investors have recently made changes to their positions in SKM. Kestra Advisory Services LLC bought a new position in shares of SK Telecom in the 4th quarter worth approximately $28,000. Jones Financial Companies Lllp increased its holdings in SK Telecom by 94.2% during the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock valued at $29,000 after buying an additional 648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in SK Telecom during the fourth quarter valued at approximately $30,000. Allworth Financial LP raised its position in SK Telecom by 138.2% in the third quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock worth $37,000 after acquiring an additional 987 shares during the period. Finally, HM Payson & Co. raised its position in SK Telecom by 38.9% in the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 510 shares during the period.

SK Telecom Stock Performance

Shares of NYSE SKM opened at $28.68 on Monday. The firm’s 50-day moving average price is $26.39 and its 200-day moving average price is $22.84. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The company has a market cap of $11.01 billion, a PE ratio of 42.18, a PEG ratio of 4.12 and a beta of 0.49. SK Telecom has a 52-week low of $19.66 and a 52-week high of $33.71.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share for the quarter. The company had revenue of $2.83 billion for the quarter. SK Telecom had a net margin of 2.28% and a return on equity of 3.21%. As a group, analysts anticipate 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.