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

SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) has been assigned an average rating of "Hold" from the five research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company.

Several equities analysts recently weighed in on SKM shares. Citigroup downgraded shares of SK Telecom from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. New Street Research upgraded SK Telecom to a "hold" rating in a research report on Monday, May 19th. Wall Street Zen lowered SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. lowered SK Telecom from an "overweight" rating to a "neutral" rating in a research report on Monday, May 12th. Finally, The Goldman Sachs Group lowered SK Telecom from a "neutral" rating to a "sell" rating in a research report on Monday, July 7th.

SK Telecom Trading Down 0.1%

Shares of SKM traded down $0.03 during trading hours on Friday, reaching $22.54. 272,364 shares of the company traded hands, compared to its average volume of 318,101. The firm has a market cap of $8.88 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 10.87 and a beta of 0.64. SK Telecom has a 12-month low of $19.84 and a 12-month high of $24.58. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55. The stock's fifty day moving average price is $21.74 and its 200 day moving average price is $21.66.

SK Telecom (NYSE:SKM - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.04. The company had revenue of $3.18 billion during the quarter, compared to analyst estimates of $3.12 billion. SK Telecom had a net margin of 7.31% and a return on equity of 10.98%. Sell-side analysts forecast that SK Telecom will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SKM. Robeco Institutional Asset Management B.V. lifted its position in SK Telecom by 2.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,018,570 shares of the Wireless communications provider's stock worth $64,175,000 after buying an additional 80,042 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in SK Telecom by 9.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider's stock worth $33,567,000 after buying an additional 133,742 shares during the period. Citigroup Inc. lifted its position in SK Telecom by 55.5% during the first quarter. Citigroup Inc. now owns 1,202,830 shares of the Wireless communications provider's stock worth $25,572,000 after buying an additional 429,434 shares during the period. Allspring Global Investments Holdings LLC lifted its position in SK Telecom by 1.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,062,667 shares of the Wireless communications provider's stock worth $22,518,000 after buying an additional 17,718 shares during the period. Finally, Great Lakes Advisors LLC lifted its position in SK Telecom by 543.6% during the first quarter. Great Lakes Advisors LLC now owns 593,312 shares of the Wireless communications provider's stock worth $12,614,000 after buying an additional 501,125 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.