SK Telecom Co., Ltd. (NYSE:SKM – Get Free Report) has been assigned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company.
A number of research analysts recently issued reports on the company. Wall Street Zen upgraded SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. upgraded shares of SK Telecom from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 16th. Zacks Research downgraded shares of SK Telecom from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th.
View Our Latest Analysis on SKM
Hedge Funds Weigh In On SK Telecom
SK Telecom Price Performance
Shares of NYSE:SKM opened at $35.70 on Friday. The company has a market cap of $13.70 billion, a PE ratio of 28.56 and a beta of 0.67. SK Telecom has a fifty-two week low of $19.66 and a fifty-two week high of $47.18. The firm has a 50-day simple moving average of $36.04 and a 200 day simple moving average of $35.26. 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 (NYSE:SKM – Get Free Report) last issued its earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.22. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.96 billion. SK Telecom had a net margin of 4.23% and a return on equity of 5.30%. On average, sell-side analysts anticipate that SK Telecom will post 2.21 EPS for the current year.
SK Telecom Company Profile
SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications, broadband internet, and media services. Its offerings include wireless voice and data plans, 5G connectivity, fixed-line broadband, internet protocol television, and related digital services for consumers and businesses.
The company also develops enterprise technology solutions in areas such as artificial intelligence, cloud computing, data centers, cybersecurity, and connected devices.
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