SK Telecom Co., Ltd. (SKM) - What Are Analysts Saying About This Stock?

Key Points

• Analysts have a consensus “Reduce” rating on SK Telecom, with three sell ratings, three holds and one buy. Recent opinions were mixed, including upgrades from JPMorgan and Wall Street Zen but a sharp downgrade from Zacks Research.
• SK Telecom shares opened at $33.42, down 2.4%, and remain below their 50-day and 200-day moving averages. The stock has traded between $19.66 and $47.18 over the past year.
• The company beat quarterly EPS estimates, reporting $0.81 versus $0.59 expected, although revenue of $2.81 billion fell short of the $2.96 billion consensus. Several institutional investors, including Tidal Investments and BlueCrest Capital, recently initiated positions.

SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) has earned a consensus rating of "Reduce" from the seven ratings firms that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company.

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of SK Telecom from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. JPMorgan Chase & Co. upgraded shares of SK Telecom from a "neutral" rating to an "overweight" rating in a report on Thursday, July 16th. Zacks Research downgraded shares of SK Telecom from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded shares of SK Telecom from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th.

SK Telecom Trading Down 2.4%

Shares of NYSE SKM opened at $33.42 on Tuesday. SK Telecom has a twelve month low of $19.66 and a twelve month high of $47.18. The firm has a market cap of $12.82 billion, a PE ratio of 26.73 and a beta of 0.72. The business has a fifty day simple moving average of $36.74 and a two-hundred day simple moving average of $35.79. The company has a quick ratio of 1.22, a current ratio of 1.25 and a debt-to-equity ratio of 0.49.

SK Telecom (NYSE:SKM - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.59 by $0.22. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.96 billion. SK Telecom had a return on equity of 5.30% and a net margin of 4.23%. Analysts expect that SK Telecom will post 2.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SK Telecom

Several institutional investors have recently bought and sold shares of SKM. Tidal Investments LLC bought a new stake in SK Telecom during the second quarter valued at about $42,869,000. BlueCrest Capital Management Ltd purchased a new position in SK Telecom in the second quarter valued at about $24,120,000. Nykredit A S bought a new position in SK Telecom in the second quarter worth about $14,475,000. Baird Financial Group Inc. bought a new position in SK Telecom in the second quarter worth about $14,459,000. Finally, ABN Amro Investment Solutions raised its holdings in SK Telecom by 136.8% in the first quarter. ABN Amro Investment Solutions now owns 568,343 shares of the Wireless communications provider's stock worth $16,647,000 after purchasing an additional 328,300 shares in the last quarter.

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.

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