SK Telecom (NYSE:SKM) Cut to “Neutral” at The Goldman Sachs Group

The Goldman Sachs Group downgraded shares of SK Telecom (NYSE:SKM) from a buy rating to a neutral rating in a research note issued to investors on Monday, Marketbeat.com reports.

A number of other analysts have also commented on the company. UBS Group initiated coverage on SK Telecom in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 1st. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, SK Telecom has a consensus rating of “Moderate Buy”.

SK Telecom Stock Up 2.3 %

SK Telecom stock opened at $21.92 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.27 and a beta of 0.80. SK Telecom has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The stock’s fifty day moving average is $21.60 and its two-hundred day moving average is $22.53.

SK Telecom (NYSE:SKM) last posted its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Analysts predict that SK Telecom will post 2.27 EPS for the current fiscal year.

Institutional Trading of SK Telecom

Large investors have recently made changes to their positions in the stock. Principal Securities Inc. boosted its stake 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 valued at $25,000 after acquiring an additional 721 shares during the last quarter. Matthews International Capital Management LLC boosted its stake in SK Telecom by 102.5% in the 4th quarter. Matthews International Capital Management LLC now owns 2,550 shares of the Wireless communications provider’s stock worth $54,000 after buying an additional 1,291 shares during the last quarter. GAMMA Investing LLC boosted its stake in SK Telecom by 34.4% in the 4th quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 773 shares during the last quarter. Assetmark Inc. boosted its stake in SK Telecom by 57.6% in the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after buying an additional 1,078 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in SK Telecom by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 5,797 shares of the Wireless communications provider’s stock worth $122,000 after buying an additional 764 shares during 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.