SK Telecom Co., Ltd. (NYSE:SKM – Get Free Report) has been given a consensus rating of “Reduce” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company.
Several research analysts recently commented on the company. Weiss Ratings raised SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Zacks Research upgraded shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Wall Street Zen downgraded shares of SK Telecom from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. raised shares of SK Telecom from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 16th.
Check Out Our Latest Report on SKM
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Mather Group LLC. acquired a new stake in SK Telecom during the third quarter worth approximately $42,000. Matthews International Capital Management LLC boosted its holdings in shares of SK Telecom by 33.5% in the 1st quarter. Matthews International Capital Management LLC now owns 3,326 shares of the Wireless communications provider’s stock valued at $97,000 after buying an additional 835 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of SK Telecom by 69.7% in the 1st quarter. Royal Bank of Canada now owns 4,853 shares of the Wireless communications provider’s stock valued at $142,000 after buying an additional 1,994 shares in the last quarter. Allworth Financial LP grew its position in shares of SK Telecom by 11.3% in the 2nd quarter. Allworth Financial LP now owns 4,990 shares of the Wireless communications provider’s stock valued at $160,000 after buying an additional 507 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of SK Telecom by 26.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,202 shares of the Wireless communications provider’s stock valued at $232,000 after buying an additional 1,526 shares during the last quarter.
SK Telecom Trading Up 3.6%
NYSE SKM opened at $32.35 on Friday. The firm has a 50 day simple moving average of $34.38 and a 200-day simple moving average of $34.00. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.22 and a current ratio of 1.25. SK Telecom has a one year low of $19.66 and a one year high of $47.18. The firm has a market cap of $12.42 billion, a price-to-earnings ratio of 11.30 and a beta of 0.78.
SK Telecom (NYSE:SKM – Get Free Report) last released its earnings results on Wednesday, November 4th. The Wireless communications provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. SK Telecom had a net margin of 7.49% and a return on equity of 9.26%. The company had revenue of $3.31 billion for the quarter, compared to analyst estimates of $3.27 billion. Equities research analysts anticipate that SK Telecom will post 3.90 EPS for the current fiscal year.
SK Telecom Company Profile
SK Telecom is a South Korean telecommunications company that provides mobile voice and data services, including 5G connectivity, to consumers and businesses. Its offerings also include internet of things and enterprise connectivity solutions.
Through its subsidiary SK Broadband, the company provides fixed-line broadband and IPTV services, including its B tv platform. SK Telecom is also developing artificial intelligence services and infrastructure, alongside data center and cloud-related offerings.
Headquartered in Seoul, SK Telecom traces its roots to Korea Mobile Telecommunications Services, established in 1984.
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