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

SK Telecom Co., Ltd. (NYSE:SKM) has received a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company.

SKM has been the topic of several research analyst reports. Citigroup downgraded SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Weiss Ratings upgraded SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 12th. Daiwa Securities Group lowered SK Telecom to a “hold” rating in a report on Wednesday, January 14th. Bank of America downgraded SK Telecom from a “neutral” rating to an “underperform” rating in a research report on Wednesday, February 18th. Finally, Zacks Research upgraded SK Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th.

Hedge Funds Weigh In On SK Telecom

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its stake in SK Telecom by 70.8% during the 4th quarter. Hsbc Holdings PLC now owns 39,997 shares of the Wireless communications provider’s stock valued at $821,000 after purchasing an additional 16,574 shares during the last quarter. Corient Private Wealth LLC grew its position in SK Telecom by 21.5% in the 4th quarter. Corient Private Wealth LLC now owns 51,730 shares of the Wireless communications provider’s stock worth $1,062,000 after purchasing an additional 9,147 shares during the last quarter. Groupama Asset Managment grew its position in SK Telecom by 1.7% in the 4th quarter. Groupama Asset Managment now owns 25,371 shares of the Wireless communications provider’s stock worth $521,000 after purchasing an additional 418 shares during the last quarter. Voloridge Investment Management LLC bought a new position in shares of SK Telecom during the 4th quarter worth about $1,509,000. Finally, Millennium Management LLC raised its position in shares of SK Telecom by 202.4% during the fourth quarter. Millennium Management LLC now owns 606,347 shares of the Wireless communications provider’s stock valued at $12,448,000 after buying an additional 405,863 shares during the last quarter.

SK Telecom Price Performance

NYSE SKM opened at $29.23 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $28.82 and a 200 day simple moving average of $23.56. The company has a market cap of $11.22 billion, a P/E ratio of 42.98, a P/E/G ratio of 4.25 and a beta of 0.49. SK Telecom has a 1 year low of $19.66 and a 1 year high of $33.71.

SK Telecom (NYSE:SKM) last announced its earnings results on Thursday, February 5th. The Wireless communications provider reported $10.67 EPS for the quarter, topping the consensus estimate of $0.10 by $10.57. The firm had revenue of $214.28 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%. On average, sell-side analysts predict 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.