SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as $20.19 and last traded at $20.27, with a volume of 286976 shares trading hands. The stock had previously closed at $20.79.
Analyst Ratings Changes
SKM has been the topic of a number of recent analyst reports. UBS Group initiated coverage on shares of SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating on the stock. The Goldman Sachs Group lowered SK Telecom from a "buy" rating to a "neutral" rating in a research report on Monday, March 3rd. StockNews.com downgraded SK Telecom from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 8th. Citigroup downgraded SK Telecom from a "buy" rating to a "neutral" rating in a report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. lowered SK Telecom from an "overweight" rating to a "neutral" rating in a research report on Monday, May 12th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold".
View Our Latest Research Report on SKM
SK Telecom Price Performance
The company has a market cap of $8.10 billion, a P/E ratio of 8.40, a P/E/G ratio of 1.27 and a beta of 0.63. The company's 50-day moving average price is $21.47 and its two-hundred day moving average price is $21.81. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.48.
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 firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.12 billion. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. As a group, sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.
Hedge Funds Weigh In On SK Telecom
Several large investors have recently added to or reduced their stakes in SKM. Principal Securities Inc. raised its holdings in shares of SK Telecom by 147.7% during 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 bought a new stake in shares of SK Telecom during the 1st quarter valued at about $37,000. SVB Wealth LLC acquired a new stake in SK Telecom during the first quarter worth about $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 worth $49,000 after acquiring an additional 2,059 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in 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 acquiring an additional 884 shares during the period.
SK Telecom Company Profile
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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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