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

Shares of SK Telecom Co., Ltd. (NYSE:SKM) have received a consensus rating of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company.

SKM has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SK Telecom in a research note on Monday, December 29th. Zacks Research raised shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded shares of SK Telecom from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Daiwa Securities Group lowered shares of SK Telecom to a “hold” rating in a report on Wednesday, January 14th.

Institutional Investors Weigh In On SK Telecom

Large investors have recently made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of 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 acquiring an additional 648 shares in the last quarter. Allworth Financial LP increased its position in SK Telecom by 138.2% during the 3rd quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 987 shares during the period. Farther Finance Advisors LLC raised its holdings in SK Telecom by 1,780.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 1,585 shares in the last quarter. HM Payson & Co. lifted its position in shares of SK Telecom by 38.9% in the 3rd quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 510 shares during the period. Finally, Wexford Capital LP bought a new stake in shares of SK Telecom during the 3rd quarter valued at about $39,000.

SK Telecom Trading Down 5.6%

SKM opened at $28.41 on Thursday. SK Telecom has a 12 month low of $19.66 and a 12 month high of $30.29. The company has a current ratio of 1.07, a quick ratio of 1.03 and a debt-to-equity ratio of 0.68. The business’s 50-day moving average price is $22.14 and its 200-day moving average price is $21.67.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 5.30% and a net margin of 3.60%.The company had revenue of $2.83 billion for the quarter. On average, analysts expect 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.