SK Telecom (NYSE:SKM) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• Shares passed above its 200-day moving average: SK Telecom climbed above its 200‑day MA of $23.08, trading as high as $28.68 and last at $28.036 on volume of 705,864 shares.
• Analyst sentiment is mixed: the broker breakdown shows one Strong Buy, one Buy, three Holds and three Sells — an overall average rating of "Hold" — with notable moves including Bank of America cutting to "underperform" and Zacks upgrading to "strong-buy".
• Valuation and recent results: the company has a market cap of $10.76 billion and a P/E of 41.23, but reported a quarterly loss (EPS -$0.29), low ROE (3.21%) and a thin net margin (2.28%).

Shares of SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.08 and traded as high as $28.68. SK Telecom shares last traded at $28.0360, with a volume of 705,864 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Bank of America cut SK Telecom from a "neutral" rating to an "underperform" rating in a research report on Wednesday, February 18th. Wall Street Zen raised shares of SK Telecom from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Daiwa Securities Group downgraded SK Telecom to a "hold" rating in a research note on Wednesday, January 14th. Weiss Ratings upgraded SK Telecom from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday. Finally, Zacks Research raised SK Telecom from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, SK Telecom presently has an average rating of "Hold".

SK Telecom Stock Down 0.7%

The company has a market cap of $10.76 billion, a price-to-earnings ratio of 41.23, a PEG ratio of 3.95 and a beta of 0.49. The business has a fifty day moving average of $27.23 and a two-hundred day moving average of $23.08. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59.

SK Telecom (NYSE:SKM - Get Free Report) last released its earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) EPS for the quarter. SK Telecom had a return on equity of 3.21% and a net margin of 2.28%.The company had revenue of $2.83 billion for the quarter. As a group, equities analysts anticipate that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

Institutional Trading of SK Telecom

A number of hedge funds have recently bought and sold shares of the business. Groupama Asset Managment increased its stake in shares of SK Telecom by 1.7% in the 4th quarter. Groupama Asset Managment now owns 25,371 shares of the Wireless communications provider's stock worth $521,000 after acquiring an additional 418 shares during the last quarter. Rhumbline Advisers raised its holdings in SK Telecom by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 68,552 shares of the Wireless communications provider's stock valued at $1,481,000 after buying an additional 500 shares during the period. HM Payson & Co. lifted its position in SK Telecom by 38.9% in the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider's stock valued at $39,000 after buying an additional 510 shares during the last quarter. Vise Technologies Inc. raised its position in SK Telecom by 1.9% in the third quarter. Vise Technologies Inc. now owns 27,553 shares of the Wireless communications provider's stock valued at $595,000 after purchasing an additional 525 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of SK Telecom by 10.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider's stock valued at $134,000 after buying an additional 560 shares during the period.

SK Telecom Company Profile

SK Telecom Co, Ltd. NYSE: SKM is South Korea's largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.

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