SK Telecom Co., Ltd. (NYSE:SKM) Given Consensus Recommendation of “Reduce” by Brokerages

SK Telecom Co., Ltd. (NYSE:SKM) has received an average recommendation of “Reduce” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company.

Several analysts recently commented on the stock. Bank of America downgraded shares of SK Telecom from a “neutral” rating to an “underperform” rating in a report on Wednesday, February 18th. Weiss Ratings upgraded shares of SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 12th. Daiwa Securities Group cut SK Telecom to a “hold” rating in a report on Wednesday, January 14th. Citigroup downgraded SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen upgraded SK Telecom from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th.

SK Telecom Trading Up 0.4%

Shares of SK Telecom stock opened at $29.50 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.00. The business has a fifty day simple moving average of $29.51 and a two-hundred day simple moving average of $23.82. SK Telecom has a 1 year low of $19.66 and a 1 year high of $33.71. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 43.38, a P/E/G ratio of 4.12 and a beta of 0.46.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $10.67 EPS for the quarter, beating the consensus estimate of $0.10 by $10.57. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $3.02 billion. SK Telecom had a net margin of 2.28% and a return on equity of 3.21%. Research analysts forecast that SK Telecom will post 2.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of SK Telecom in the fourth quarter valued at about $28,000. Jones Financial Companies Lllp increased its position 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 acquiring an additional 648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in SK Telecom during the fourth quarter worth about $30,000. Allworth Financial LP raised its stake in SK Telecom by 138.2% in the 3rd quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 987 shares in the last quarter. Finally, HM Payson & Co. raised its position in shares of SK Telecom by 38.9% in the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock valued at $39,000 after buying an additional 510 shares in the last quarter.

About SK Telecom

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.