Shares of SK Telecom Co., Ltd. (NYSE:SKM – Get Free Report) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.
A number of equities analysts have issued reports on SKM shares. Zacks Research upgraded SK Telecom from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. upgraded shares of SK Telecom from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 16th. Wall Street Zen upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. HSBC raised shares of SK Telecom from a “reduce” rating to a “hold” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings upgraded shares of SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th.
Check Out Our Latest Stock Report on SKM
SK Telecom Stock Up 0.1%
SK Telecom (NYSE:SKM – Get Free Report) last issued its earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.22. SK Telecom had a return on equity of 5.59% 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 anticipate that SK Telecom will post 2.42 EPS for the current year.
Institutional Trading of SK Telecom
Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in SK Telecom by 8.2% during the 1st quarter. Royal Bank of Canada now owns 43,999 shares of the Wireless communications provider’s stock worth $936,000 after buying an additional 3,316 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of SK Telecom during the first quarter worth approximately $85,000. Millennium Management LLC lifted its holdings in shares of SK Telecom by 160.7% in the 1st quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock worth $4,823,000 after purchasing an additional 139,829 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SK Telecom by 46.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider’s stock worth $5,531,000 after purchasing an additional 83,030 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in SK Telecom by 10.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock valued at $134,000 after purchasing an additional 560 shares during the period.
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.
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