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

Shares of SK Telecom Co., Ltd. (NYSE:SKM) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company.

Several research firms recently weighed in on SKM. Zacks Research raised shares of SK Telecom from a “strong sell” rating to a “hold” rating in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SK Telecom in a research note on Monday, December 29th.

SK Telecom Stock Performance

Shares of NYSE SKM opened at $20.31 on Friday. SK Telecom has a 12-month low of $19.66 and a 12-month high of $23.80. The company has a market cap of $8.00 billion, a PE ratio of 30.31, a P/E/G ratio of 0.65 and a beta of 0.49. The stock has a 50 day simple moving average of $20.21 and a 200-day simple moving average of $21.36. 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 announced 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%. On average, equities research analysts forecast that SK Telecom will post 2.27 EPS for the current year.

Hedge Funds Weigh In On SK Telecom

Several hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new position in shares of SK Telecom during the 2nd quarter valued at about $313,000. Ballentine Partners LLC acquired a new stake in SK Telecom during the second quarter valued at approximately $472,000. Goldman Sachs Group Inc. boosted its holdings in SK Telecom by 46.9% during the first quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider’s stock worth $5,531,000 after buying an additional 83,030 shares in the last quarter. GAMMA Investing LLC grew its position in SK Telecom by 43.5% in the second quarter. GAMMA Investing LLC now owns 4,202 shares of the Wireless communications provider’s stock worth $98,000 after buying an additional 1,274 shares during the last quarter. Finally, West Family Investments Inc. bought a new position in shares of SK Telecom in the second quarter valued at $416,000.

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.