SK Telecom Co., Ltd. (SKM) – What Are Investment Firms Saying About This Stock?

SK Telecom Co., Ltd. (NYSE:SKM) has received a consensus rating of “Reduce” from the seven analysts that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company.

SKM has been the subject of several research reports. Weiss Ratings raised SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. JPMorgan Chase & Co. upgraded shares of SK Telecom from a “neutral” rating to an “overweight” rating in a research report on Thursday, July 16th. Finally, Zacks Research upgraded shares of SK Telecom from a “strong sell” rating to a “hold” rating in a report on Monday.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mather Group LLC. bought a new stake in shares of SK Telecom in the 3rd quarter valued at about $42,000. GAMMA Investing LLC boosted its position in shares of SK Telecom by 4.2% during the third quarter. GAMMA Investing LLC now owns 7,503 shares of the Wireless communications provider’s stock worth $262,000 after purchasing an additional 301 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of SK Telecom by 2.7% during the second quarter. QRG Capital Management Inc. now owns 19,069 shares of the Wireless communications provider’s stock worth $613,000 after purchasing an additional 504 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of SK Telecom in the 2nd quarter valued at $42,869,000. Finally, BlueCrest Capital Management Ltd acquired a new position in SK Telecom in the second quarter valued at about $24,120,000.

SK Telecom Trading Down 3.2%

Shares of NYSE SKM opened at $32.81 on Tuesday. SK Telecom has a 1-year low of $19.66 and a 1-year high of $47.18. The company has a market cap of $12.59 billion, a PE ratio of 26.25 and a beta of 0.72. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $36.66 and a two-hundred day moving average of $35.87.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.22. SK Telecom had a net margin of 4.23% and a return on equity of 5.30%. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.96 billion. As a group, equities analysts expect that SK Telecom will post 2.21 earnings per share for the current fiscal year.

About SK Telecom

SK Telecom Co, Ltd. is a South Korean telecommunications company and a member of the SK Group. Headquartered in Seoul, the company provides mobile communications services, including voice, messaging, wireless data, 5G connectivity and related subscription services, primarily in South Korea.

Through its affiliates and business operations, SK Telecom also offers fixed-line broadband internet, internet protocol television and media services. Its enterprise portfolio includes cloud computing, data center services, information and communication technology solutions, artificial intelligence and Internet of Things services for businesses and public-sector customers.

The company traces its origins to Korea Mobile Telecommunications, established in 1984, and adopted the SK Telecom name in 1998 following its incorporation into the SK Group.