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

SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) has been assigned an average rating of "Hold" from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

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

Institutional Trading of SK Telecom

Several hedge funds and other institutional investors have recently modified their holdings of SKM. Principal Securities Inc. grew 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 acquiring an additional 721 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in SK Telecom in the 1st quarter valued at about $37,000. SVB Wealth LLC acquired a new position in shares of SK Telecom during the first quarter valued at $42,000. Brooklyn Investment Group lifted its holdings in 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 during the period. Finally, Parallel Advisors LLC grew its holdings in SK Telecom by 55.0% during the 1st 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 Price Performance

SKM stock opened at $23.05 on Wednesday. SK Telecom has a 1 year low of $19.84 and a 1 year high of $24.58. The firm has a market cap of $9.08 billion, a P/E ratio of 9.52, a PEG ratio of 2.36 and a beta of 0.61. The stock's 50 day moving average price is $21.46 and its 200 day moving average price is $21.52. 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 (NYSE:SKM - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $3.12 billion. SK Telecom had a net margin of 7.31% and a return on equity of 10.98%. On average, sell-side analysts expect that SK Telecom will post 2.27 earnings per share for the current fiscal year.

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.

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