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

SK Telecom Co., Ltd. (NYSE:SKM) has been given a consensus recommendation of “Hold” by the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.

SKM has been the subject of several recent analyst reports. Daiwa Capital Markets cut SK Telecom to a “hold” rating in a research note on Wednesday, January 14th. Zacks Research upgraded shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of SK Telecom in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of SK Telecom from a “hold” rating to a “sell” rating in a research report on Saturday, January 17th.

Institutional Trading of SK Telecom

A number of large investors have recently made changes to their positions in SKM. Robeco Institutional Asset Management B.V. increased its position in SK Telecom by 17.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,462,769 shares of the Wireless communications provider’s stock worth $50,561,000 after buying an additional 374,428 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of SK Telecom by 2.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,253,677 shares of the Wireless communications provider’s stock valued at $48,679,000 after acquiring an additional 60,242 shares during the period. Great Lakes Advisors LLC increased its holdings in shares of SK Telecom by 1.4% in the 3rd quarter. Great Lakes Advisors LLC now owns 1,104,689 shares of the Wireless communications provider’s stock valued at $23,861,000 after acquiring an additional 15,036 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in SK Telecom by 1.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 923,579 shares of the Wireless communications provider’s stock worth $18,961,000 after purchasing an additional 12,848 shares during the period. Finally, Bank of America Corp DE grew its position in SK Telecom by 9.6% during the 3rd quarter. Bank of America Corp DE now owns 886,930 shares of the Wireless communications provider’s stock worth $19,158,000 after purchasing an additional 77,763 shares during the last quarter.

SK Telecom Price Performance

SK Telecom stock opened at $29.66 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.07 and a debt-to-equity ratio of 0.68. The company has a fifty day simple moving average of $21.78 and a 200-day simple moving average of $21.58. SK Telecom has a 12-month low of $19.66 and a 12-month high of $30.09.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share for the quarter. The business had revenue of $2.83 billion during the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. Research analysts expect that SK Telecom will post 2.27 EPS for the current year.

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.