SK Telecom (SKM) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for SK Telecom in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SKM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SKM, but not buy additional shares or sell existing shares.
View SKM analyst ratings or view top-rated stocks.

SK Telecom's stock was trading at $20.59 at the beginning of the year. Since then, SKM stock has increased by 3.0% and is now trading at $21.2150.
View the best growth stocks for 2023 here.

SK Telecom saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 813,800 shares, a decrease of 41.5% from the April 30th total of 1,390,000 shares. Based on an average daily trading volume, of 528,600 shares, the short-interest ratio is presently 1.5 days. Approximately 0.2% of the company's shares are short sold.
View SK Telecom's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our SKM earnings forecast.

ETFs with the largest weight of SK Telecom (NYSE:SKM) stock in their portfolio include ProShares S&P Kensho Smart Factories ETF (MAKX), AXS Green Alpha ETF (NXTE), Defiance Next Gen Connectivity ETF (FIVG), Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Pacer Global Cash Cows Dividend ETF (GCOW).SPDR S&P Kensho New Economies Composite ETF (KOMP).

SK Telecom (NYSE:SKM) pays an annual dividend of $1.11 per share and currently has a dividend yield of 5.38%. SKM has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 292.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, SKM will have a dividend payout ratio of 52.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SKM.

24 employees have rated SK Telecom Chief Executive Officer Dong-Hyun Jang on Glassdoor.com. Dong-Hyun Jang has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other SK Telecom investors own include AT&T (T), NVIDIA (NVDA), Walt Disney (DIS), Advanced Micro Devices (AMD), CVS Health (CVS), AbbVie (ABBV), Home Depot (HD), Intel (INTC), Cisco Systems (CSCO) and Micron Technology (MU).

SK Telecom trades on the New York Stock Exchange (NYSE) under the ticker symbol "SKM."

SK Telecom's stock is owned by a variety of retail and institutional investors. Top institutional investors include Macquarie Group Ltd. (0.99%), Bank of America Corp DE (0.00%), Robeco Institutional Asset Management B.V. (0.37%), Arrowstreet Capital Limited Partnership (0.28%), BlackRock Inc. (0.00%) and Allspring Global Investments Holdings LLC (0.18%).

Shares of SKM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SKM stock can currently be purchased for approximately $21.22.

SK Telecom (NYSE:SKM) has a market capitalization of $9.37 billion and generates $17.30 trillion in revenue each year. The Wireless communications provider earns $638.68 million in net income (profit) each year or $0.38 on an earnings per share basis.

The company employs 5,036 workers across the globe.

SK Telecom's mailing address is SK T-Tower 65 Eulji-ro Jung-gu, Seoul M5, 4539. The official website for the company is www.sktelecom.com. The Wireless communications provider can be reached via phone at (226) 100-2114, via email at irmeeting@sktelecom.com, or via fax at 82-2-6100-7830.