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

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

A number of research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of SK Telecom in a report on Monday, December 29th. Bank of America downgraded SK Telecom from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 18th. Citigroup downgraded SK Telecom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Daiwa Securities Group lowered SK Telecom to a “hold” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised shares of SK Telecom from a “sell” rating to a “hold” rating in a report on Saturday, February 7th.

SK Telecom Price Performance

SKM stock opened at $30.41 on Monday. The stock has a market cap of $11.67 billion, a price-to-earnings ratio of 44.72, a P/E/G ratio of 4.25 and a beta of 0.48. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.00. The company has a 50 day simple moving average of $25.42 and a 200 day simple moving average of $22.59. SK Telecom has a 1 year low of $19.66 and a 1 year high of $33.71.

SK Telecom (NYSE:SKM) last posted its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) EPS for the quarter. The business had revenue of $2.83 billion for the quarter. SK Telecom had a return on equity of 3.21% and a net margin of 2.28%. Research analysts anticipate that SK Telecom will post 2.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in SK Telecom by 94.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock worth $29,000 after acquiring an additional 648 shares during the period. Kestra Advisory Services LLC bought a new position in shares of SK Telecom in the fourth quarter worth $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in SK Telecom during the fourth quarter valued at $30,000. Allworth Financial LP boosted its stake in SK Telecom by 138.2% during the third quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock valued at $37,000 after buying an additional 987 shares during the period. Finally, HM Payson & Co. grew its position in SK Telecom by 38.9% during the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock worth $39,000 after buying an additional 510 shares in the last quarter.

About SK Telecom

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.