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

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

SKM has been the subject of a number of research reports. JPMorgan Chase & Co. downgraded SK Telecom from an "overweight" rating to a "neutral" rating in a research note on Monday, May 12th. The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. Citigroup downgraded SK Telecom from a "buy" rating to a "neutral" rating in a research report on Tuesday, May 6th. New Street Research upgraded SK Telecom to a "hold" rating in a research report on Monday, May 19th. Finally, Wall Street Zen downgraded SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

SK Telecom Stock Performance

SKM stock traded down $0.18 during midday trading on Wednesday, reaching $22.93. The company had a trading volume of 543,369 shares, compared to its average volume of 312,774. 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 stock has a 50 day moving average price of $21.47 and a 200 day moving average price of $21.55. SK Telecom has a fifty-two week low of $19.84 and a fifty-two week high of $24.58. The firm has a market capitalization of $9.03 billion, a PE ratio of 9.48, a P/E/G ratio of 2.42 and a beta of 0.61.

SK Telecom (NYSE:SKM - Get Free Report) last issued its 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. SK Telecom had a return on equity of 10.98% and a net margin of 7.31%. The company had revenue of $3.18 billion during the quarter, compared to the consensus estimate of $3.12 billion. Analysts anticipate that SK Telecom will post 2.27 earnings per share for the current year.

Institutional Investors Weigh In On SK Telecom

A number of institutional investors have recently added to or reduced their stakes in SKM. Principal Securities Inc. lifted its position in SK Telecom by 147.7% in the fourth quarter. Principal Securities Inc. now owns 1,209 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 721 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in SK Telecom in the first quarter worth approximately $37,000. SVB Wealth LLC bought a new position in shares of SK Telecom in the first quarter valued at $42,000. Brooklyn Investment Group increased its holdings 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 buying an additional 2,059 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of SK Telecom by 55.0% in the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider's stock valued at $53,000 after buying an additional 884 shares in the last quarter.

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.