SK Telecom Co., Ltd. (NYSE:SKM) Receives Average Rating of “Hold” from Analysts

SK Telecom Co., Ltd. (NYSE:SKM) has received a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company.

Several equities analysts recently issued reports on SKM shares. Weiss Ratings reiterated a “hold (c)” rating on shares of SK Telecom in a report on Monday, December 29th. Wall Street Zen downgraded shares of SK Telecom from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research upgraded shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research report on Monday, December 22nd. Finally, Daiwa Capital Markets lowered shares of SK Telecom to a “hold” rating in a report on Wednesday.

SK Telecom Stock Performance

Shares of SKM stock traded up $0.09 during trading hours on Friday, hitting $21.00. 583,976 shares of the company’s stock were exchanged, compared to its average volume of 662,771. SK Telecom has a 52 week low of $19.66 and a 52 week high of $23.80. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.03. The stock’s 50-day moving average is $20.28 and its 200-day moving average is $21.28.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) EPS for the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. Research analysts anticipate that SK Telecom will post 2.27 EPS for the current year.

Institutional Investors Weigh In On SK Telecom

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in SK Telecom by 94.2% during the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 648 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in SK Telecom by 1,780.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 1,585 shares during the last quarter. Allworth Financial LP grew its holdings in SK Telecom by 138.2% during the third quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 987 shares during the period. HM Payson & Co. grew its holdings in SK Telecom by 38.9% during the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock valued at $39,000 after purchasing an additional 510 shares during the period. Finally, Wexford Capital LP bought a new stake in SK Telecom in the third quarter valued at approximately $39,000.

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.