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

Shares of SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) have been assigned an average rating of "Hold" from the five brokerages that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company.

SKM has been the subject of a number of recent research reports. New Street Research raised SK Telecom to a "hold" rating in a research report on Monday, May 19th. The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. UBS Group initiated coverage on SK Telecom in a research report on Wednesday, February 19th. They set a "buy" rating for the company. Wall Street Zen lowered SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Citigroup cut SK Telecom from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th.

Hedge Funds Weigh In On SK Telecom

A number of large investors have recently made changes to their positions in the company. Principal Securities Inc. boosted its stake in SK Telecom by 147.7% in the 4th quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 721 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of SK Telecom during the first quarter worth $37,000. SVB Wealth LLC bought a new stake in shares of SK Telecom in the first quarter valued at about $42,000. Brooklyn Investment Group grew its stake in shares of SK Telecom by 854.4% in the first quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider's stock valued at $49,000 after acquiring an additional 2,059 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in SK Telecom by 55.0% during the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider's stock worth $53,000 after acquiring an additional 884 shares during the period.

SK Telecom Trading Up 0.7%

NYSE:SKM traded up $0.14 on Friday, reaching $20.68. The company's stock had a trading volume of 462,461 shares, compared to its average volume of 290,575. SK Telecom has a 1-year low of $19.84 and a 1-year high of $24.58. The business's 50-day moving average price is $21.30 and its two-hundred day moving average price is $21.67. The firm has a market cap of $8.15 billion, a PE ratio of 8.44, a PEG ratio of 1.27 and a beta of 0.63. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91.

SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The Wireless communications provider reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. The company had revenue of $3.18 billion for the quarter, compared to analyst estimates of $3.12 billion. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Equities research analysts anticipate that SK Telecom will post 2.27 earnings per share for the current fiscal 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.