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

Key Points

• Analyst sentiment is cautious: Seven firms give SK Telecom a consensus “Reduce” rating—two sell, four hold and one buy—despite some recent rating upgrades.
• Quarterly results topped expectations: SK Telecom reported EPS of $0.75 versus the $0.68 consensus and revenue of $3.31 billion against estimates of $3.27 billion.
• Several institutional investors increased their holdings in the third quarter, while the stock was reported up 6.0%; shares opened at $31.18, within a 12-month range of $19.66 to $47.18.

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

Several research firms have weighed in on SKM. Zacks Research upgraded SK Telecom from a "strong sell" rating to a "hold" rating in a report on Monday, October 12th. JPMorgan Chase & Co. upgraded SK Telecom from a "neutral" rating to an "overweight" rating in a research note on Thursday, July 16th. Wall Street Zen cut shares of SK Telecom from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Weiss Ratings raised SK Telecom from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, August 13th.

Hedge Funds Weigh In On SK Telecom

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its holdings in shares of SK Telecom by 29.8% during the third quarter. Allworth Financial LP now owns 6,475 shares of the Wireless communications provider's stock worth $208,000 after purchasing an additional 1,485 shares during the last quarter. Eurizon Capital SGR S.p.A. raised its stake in SK Telecom by 44.0% during the third quarter. Eurizon Capital SGR S.p.A. now owns 7,473 shares of the Wireless communications provider's stock valued at $269,000 after buying an additional 2,285 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in SK Telecom by 1.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 512,970 shares of the Wireless communications provider's stock worth $18,257,000 after purchasing an additional 5,855 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in SK Telecom by 13.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 11,971 shares of the Wireless communications provider's stock valued at $418,000 after purchasing an additional 1,440 shares during the last quarter. Finally, Trek Financial LLC purchased a new position in SK Telecom in the third quarter worth $270,000.

SK Telecom Trading Up 6.0%

NYSE SKM opened at $31.18 on Friday. SK Telecom has a 12 month low of $19.66 and a 12 month high of $47.18. 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 business has a fifty day simple moving average of $34.52 and a 200 day simple moving average of $33.95. The firm has a market capitalization of $11.96 billion, a P/E ratio of 11.25 and a beta of 0.78.

SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings results on Wednesday, November 4th. The Wireless communications provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.68 by $0.07. SK Telecom had a net margin of 4.23% and a return on equity of 5.30%. The company had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.27 billion. On average, analysts predict that SK Telecom will post 2.21 EPS for the current fiscal year.

SK Telecom Company Profile

SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications and information technology services. The company offers wireless voice and data services, mobile connectivity, internet access, and related digital products to consumers and businesses.

Through its broadband and media operations, SK Telecom provides fixed-line internet, internet protocol television, and video and entertainment services. It also serves corporate and institutional customers with enterprise telecommunications, cloud, data center, cybersecurity, and other technology solutions.

SK Telecom is headquartered in South Korea and primarily serves the South Korean market, while also pursuing international opportunities through technology partnerships and investments.

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