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

SK Telecom Co., Ltd. (NYSE:SKM) has earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company.

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of SK Telecom in a research note on Monday.

SK Telecom Price Performance

SK Telecom stock opened at $19.77 on Wednesday. The stock’s 50 day moving average is $20.50 and its 200 day moving average is $21.55. SK Telecom has a one year low of $19.70 and a one year high of $23.80. The firm has a market cap of $7.78 billion, a P/E ratio of 29.50, a P/E/G ratio of 2.34 and a beta of 0.51. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.01.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SKM. Arrowstreet Capital Limited Partnership increased its holdings in SK Telecom by 2.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,253,677 shares of the Wireless communications provider’s stock worth $48,679,000 after purchasing an additional 60,242 shares in the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of SK Telecom by 1.4% during the 3rd quarter. Great Lakes Advisors LLC now owns 1,104,689 shares of the Wireless communications provider’s stock worth $23,861,000 after buying an additional 15,036 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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 buying an additional 77,763 shares during the period. BNP Paribas Financial Markets increased its stake in shares of SK Telecom by 0.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 618,787 shares of the Wireless communications provider’s stock valued at $13,366,000 after acquiring an additional 2,894 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of SK Telecom by 3.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,496 shares of the Wireless communications provider’s stock valued at $10,379,000 after acquiring an additional 15,773 shares during the period.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.