SK Telecom (NYSE:SKM) Shares Gap Up – What’s Next?

Posted by Geri Gentry on Aug 14th, 2026

SK Telecom Co., Ltd. (NYSE:SKM – Get Free Report)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $36.71, but opened at $38.62. SK Telecom shares last traded at $39.1560, with a volume of 490,801 shares changing hands.

Analysts Set New Price Targets

SKM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upgraded shares of SK Telecom from a “neutral” rating to an “overweight” rating in a report on Thursday, July 16th. Wall Street Zen raised SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. HSBC upgraded shares of SK Telecom from a “reduce” rating to a “hold” rating in a report on Thursday, May 7th. Zacks Research upgraded SK Telecom from a “hold” rating to a “strong-buy” rating in a report on Friday, August 7th. Finally, Weiss Ratings downgraded SK Telecom from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, SK Telecom currently has a consensus rating of “Hold”.

View Our Latest Analysis on SK Telecom

SK Telecom Price Performance

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a market capitalization of $14.94 billion, a price-to-earnings ratio of 31.15 and a beta of 0.64. The company has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $33.58.

SK Telecom (NYSE:SKM – Get Free Report) last posted its earnings results on Wednesday, August 5th. The Wireless communications provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.59 by $0.22. The firm had revenue of $3.06 billion during 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 5.59%. On average, equities research analysts predict that SK Telecom Co., Ltd. will post 2.42 earnings per share for the current year.

Institutional Investors Weigh In On SK Telecom

Institutional investors and hedge funds have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new stake in shares of SK Telecom in the 4th quarter valued at approximately $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SK Telecom during the 4th quarter valued at $30,000. Wexford Capital LP acquired a new stake in SK Telecom during the 3rd quarter valued at $39,000. Matthews International Capital Management LLC lifted its holdings in shares of SK Telecom by 50.4% in the fourth quarter. Matthews International Capital Management LLC now owns 2,491 shares of the Wireless communications provider’s stock valued at $51,000 after purchasing an additional 835 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of SK Telecom in the first quarter valued at $85,000.

SK Telecom Company Profile

(Get Free Report)

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.