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 analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company.

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

Institutional Investors Weigh In On SK Telecom

Several large investors have recently bought and sold shares of the company. Calamos Advisors LLC acquired a new stake in shares of SK Telecom during the first quarter worth about $9,065,000. ABN Amro Investment Solutions lifted its holdings in shares of SK Telecom by 136.8% during the 1st quarter. ABN Amro Investment Solutions now owns 568,343 shares of the Wireless communications provider’s stock valued at $16,647,000 after purchasing an additional 328,300 shares in the last quarter. Calamos Wealth Management LLC acquired a new position in shares of SK Telecom in the 1st quarter valued at approximately $3,511,000. WINTON GROUP Ltd acquired a new position in shares of SK Telecom in the 2nd quarter valued at approximately $965,000. Finally, Euro Pacific Asset Management LLC grew its position in shares of SK Telecom by 80.6% in the 1st quarter. Euro Pacific Asset Management LLC now owns 223,557 shares of the Wireless communications provider’s stock valued at $6,513,000 after purchasing an additional 99,741 shares during the period.

SK Telecom Stock Up 1.0%

NYSE:SKM opened at $32.27 on Tuesday. The company has a quick ratio of 1.22, a current ratio of 1.25 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 stock’s fifty day simple moving average is $36.59 and its 200-day simple moving average is $35.91. The firm has a market capitalization of $12.38 billion, a P/E ratio of 25.57 and a beta of 0.72.

SK Telecom (NYSE:SKM) last released its quarterly earnings data 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. SK Telecom had a return on equity of 5.30% and a net margin of 4.23%. The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.96 billion. Equities research analysts expect that SK Telecom will post 2.21 earnings per share for the current year.

About SK Telecom

SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications and information technology services. The company offers wireless voice and data services, mobile connectivity, internet access, and related digital products to consumers and businesses.

Through its broadband and media operations, SK Telecom provides fixed-line internet, internet protocol television, and video and entertainment services. It also serves corporate and institutional customers with enterprise telecommunications, cloud, data center, cybersecurity, and other technology solutions.

SK Telecom is headquartered in South Korea and primarily serves the South Korean market, while also pursuing international opportunities through technology partnerships and investments.