SK Telecom (NYSE:SKM) Hits New 12-Month Low – Should You Sell?

SK Telecom Co., Ltd. (NYSE:SKM) reached a new 52-week low during trading on Tuesday . The stock traded as low as $19.81 and last traded at $19.8850, with a volume of 141811 shares trading hands. The stock had previously closed at $20.09.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of SK Telecom in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

SK Telecom Stock Down 0.7%

The firm’s fifty day simple moving average is $21.06 and its 200 day simple moving average is $21.60. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 15.17 and a beta of 0.56.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Thursday, October 30th. The Wireless communications provider reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.56). The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $3.08 billion. SK Telecom had a net margin of 5.92% and a return on equity of 8.92%. Sell-side analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.

Institutional Trading of SK Telecom

A number of hedge funds have recently added to or reduced their stakes in SKM. Jones Financial Companies Lllp raised its stake in shares of SK Telecom by 94.2% during the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock worth $29,000 after purchasing an additional 648 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in SK Telecom by 1,780.9% during the second quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock worth $39,000 after purchasing an additional 1,585 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in SK Telecom during the 1st quarter worth approximately $37,000. HM Payson & Co. grew its holdings in SK Telecom by 38.9% during the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock worth $39,000 after acquiring an additional 510 shares during the period. Finally, Wexford Capital LP acquired a new stake in SK Telecom in the third quarter valued at $39,000.

About SK Telecom

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.