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

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. QRG Capital Management Inc. increased its position in SK Telecom by 2.7% in the 2nd quarter. QRG Capital Management Inc. now owns 19,069 shares of the Wireless communications provider’s stock valued at $613,000 after acquiring an additional 504 shares during the period. Tidal Investments LLC acquired a new position in SK Telecom during the 2nd quarter worth $42,869,000. BlueCrest Capital Management Ltd bought a new position in shares of SK Telecom in the second quarter worth $24,120,000. WINTON GROUP Ltd bought a new position in shares of SK Telecom in the second quarter worth $965,000. Finally, Integrated Wealth Concepts LLC acquired a new position in shares of SK Telecom during the second quarter valued at $309,000.

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

(Get Free Report)

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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Analyst Recommendations for SK Telecom (NYSE:SKM)

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