SK Telecom Co., Ltd. (NYSE:SKM) Receives Average Rating of “Hold” from Analysts

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

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of SK Telecom in a research report on Wednesday, October 8th.

Institutional Trading of SK Telecom

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in SK Telecom by 94.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock worth $29,000 after buying an additional 648 shares during the period. Farther Finance Advisors LLC grew its stake in shares of SK Telecom by 1,780.9% in the second quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider’s stock valued at $39,000 after acquiring an additional 1,585 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of SK Telecom in the first quarter valued at about $37,000. HM Payson & Co. increased its position 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 3rd quarter worth about $39,000.

SK Telecom Price Performance

NYSE:SKM opened at $19.94 on Friday. The company has a market cap of $7.85 billion, a P/E ratio of 10.23, a P/E/G ratio of 15.17 and a beta of 0.56. The firm’s fifty day moving average price is $21.03 and its two-hundred day moving average price is $21.58. SK Telecom has a one year low of $19.73 and a one year high of $24.34. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.01.

SK Telecom (NYSE:SKM) last announced its earnings results on Thursday, October 30th. The Wireless communications provider reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.56). SK Telecom had a return on equity of 8.92% and a net margin of 5.92%.The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $3.08 billion. Equities analysts expect that SK Telecom will post 2.27 earnings per share for the current year.

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.