SK Telecom Co., Ltd. (NYSE:SKM) Given Consensus Rating of "Hold" by Analysts

Key Points

• SK Telecom Co., Ltd. has received a consensus rating of "Hold" from five brokerage firms, including one sell, three hold, and one buy recommendation.
• Recently, multiple analysts downgraded their ratings on SK Telecom, with Goldman Sachs lowering it from "neutral" to "sell", and other firms adjusting ratings to "neutral" or "hold".
• SK Telecom reported a quarterly earnings miss with an EPS of $0.16, falling short of the $0.36 consensus estimate, alongside a revenue of $3.12 billion compared to the expected $3.14 billion.

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

SKM has been the subject of several recent analyst reports. The Goldman Sachs Group downgraded shares of SK Telecom from a "neutral" rating to a "sell" rating in a research note on Monday, July 7th. Citigroup lowered SK Telecom from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. Wall Street Zen lowered SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. New Street Research raised SK Telecom to a "hold" rating in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. lowered SK Telecom from an "overweight" rating to a "neutral" rating in a research note on Monday, May 12th.

Institutional Trading of SK Telecom

Large investors have recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in SK Telecom in the first quarter worth about $37,000. Farther Finance Advisors LLC grew its stake in shares of SK Telecom by 1,780.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider's stock worth $39,000 after buying an additional 1,585 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of SK Telecom in the 1st quarter worth approximately $42,000. Brooklyn Investment Group increased its position in SK Telecom by 854.4% during the 1st quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider's stock valued at $49,000 after buying an additional 2,059 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in SK Telecom by 315.8% during the second quarter. Hantz Financial Services Inc. now owns 2,216 shares of the Wireless communications provider's stock valued at $52,000 after buying an additional 1,683 shares during the last quarter.

SK Telecom Trading Up 0.5%

SKM traded up $0.12 on Thursday, hitting $22.54. 222,589 shares of the company were exchanged, compared to its average volume of 344,122. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.86 and a current ratio of 0.88. SK Telecom has a 12 month low of $19.84 and a 12 month high of $24.58. The firm has a fifty day simple moving average of $22.45 and a two-hundred day simple moving average of $21.80. The stock has a market capitalization of $8.88 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 9.18 and a beta of 0.63.

SK Telecom (NYSE:SKM - Get Free Report) last issued its earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.20). The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.14 billion. SK Telecom had a return on equity of 8.89% and a net margin of 5.92%. Sell-side 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.