SK Telecom Co., Ltd. (SKM) Receives Consensus Rating of “Hold” from Analysts
Shares of SK Telecom Co., Ltd. (NYSE:SKM) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company.
Several equities analysts have recently weighed in on SKM shares. Zacks Investment Research upgraded shares of SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research note on Tuesday, August 1st. Goldman Sachs Group, Inc. (The) upgraded shares of SK Telecom Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st. Finally, BidaskClub downgraded shares of SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
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SK Telecom Co. (SKM) opened at 26.27 on Friday. The firm has a market cap of $16.71 billion, a price-to-earnings ratio of 9.42 and a beta of 0.35. SK Telecom Co. has a 52 week low of $20.44 and a 52 week high of $28.13. The company has a 50-day moving average of $24.74 and a 200-day moving average of $25.03.
A number of large investors have recently modified their holdings of SKM. Bessemer Group Inc. grew its stake in SK Telecom Co. by 68.6% during the second quarter. Bessemer Group Inc. now owns 4,536 shares of the Wireless communications provider’s stock valued at $116,000 after acquiring an additional 1,845 shares in the last quarter. Rational Advisors LLC purchased a new position in SK Telecom Co. during the second quarter valued at approximately $139,000. Cypress Capital Management LLC WY purchased a new position in SK Telecom Co. during the second quarter valued at approximately $145,000. Picton Mahoney Asset Management purchased a new position in SK Telecom Co. during the second quarter valued at approximately $194,000. Finally, Paloma Partners Management Co purchased a new position in SK Telecom Co. during the first quarter valued at approximately $203,000. 11.90% of the stock is owned by institutional investors.
About SK Telecom Co.
SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.
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