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

Key Points

• SK Telecom Co., Ltd. has received an average rating of "Hold" from five analysts, highlighting a mixed outlook with one sell, three hold, and one buy rating.
• Recent changes in ratings include JPMorgan Chase lowering the stock from "overweight" to "neutral" and Goldman Sachs downgrading it from "neutral" to "sell".
• SK Telecom reported a quarterly earnings per share (EPS) of $0.16, missing analysts' expectations of $0.36, contributing to concerns over its financial performance.

Shares of SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) have been given an average rating of "Hold" by the five analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new stake in shares of SK Telecom during the fourth quarter worth $320,000. Northern Trust Corp raised its stake in SK Telecom by 270.1% in the 4th quarter. Northern Trust Corp now owns 83,497 shares of the Wireless communications provider's stock worth $1,757,000 after purchasing an additional 60,935 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in SK Telecom in the 4th quarter worth about $431,000. Jane Street Group LLC bought a new stake in SK Telecom in the 4th quarter valued at about $309,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of SK Telecom during the 4th quarter worth approximately $10,712,000.

SK Telecom Price Performance

Shares of NYSE SKM opened at $21.80 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.55. The business's 50 day moving average price is $22.34 and its two-hundred day moving average price is $21.83. The company has a market cap of $8.58 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 11.12 and a beta of 0.58. SK Telecom has a twelve month low of $19.84 and a twelve month high of $24.58.

SK Telecom (NYSE:SKM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.20). SK Telecom had a net margin of 5.92% and a return on equity of 8.89%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.14 billion. On average, analysts predict that SK Telecom will post 2.27 EPS 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.

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