SK Telecom Co., Ltd. (NYSE:SKM) Given Average Rating of “Hold” by Brokerages

SK Telecom Co., Ltd. (NYSE:SKM) has received an average rating of “Hold” from the six brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of SK Telecom in a research report on Monday, December 15th.

Institutional Trading of SK Telecom

Several institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of SK Telecom by 2.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,253,677 shares of the Wireless communications provider’s stock worth $48,679,000 after buying an additional 60,242 shares in the last quarter. Great Lakes Advisors LLC increased its position in SK Telecom by 1.4% during the third quarter. Great Lakes Advisors LLC now owns 1,104,689 shares of the Wireless communications provider’s stock worth $23,861,000 after acquiring an additional 15,036 shares during the period. Bank of America Corp DE increased its position in SK Telecom by 9.6% during the third quarter. Bank of America Corp DE now owns 886,930 shares of the Wireless communications provider’s stock worth $19,158,000 after acquiring an additional 77,763 shares during the period. BNP Paribas Financial Markets raised its stake in SK Telecom by 0.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 618,787 shares of the Wireless communications provider’s stock worth $13,366,000 after purchasing an additional 2,894 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SK Telecom by 3.7% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 444,496 shares of the Wireless communications provider’s stock valued at $10,379,000 after purchasing an additional 15,773 shares during the period.

SK Telecom Trading Up 0.7%

Shares of SK Telecom stock opened at $19.81 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.01. The business has a fifty day simple moving average of $20.40 and a two-hundred day simple moving average of $21.52. SK Telecom has a 1 year low of $19.67 and a 1 year high of $23.80. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 29.57, a P/E/G ratio of 2.27 and a beta of 0.51.

SK Telecom (NYSE:SKM) last issued its quarterly earnings data on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share for the quarter. SK Telecom had a net margin of 3.60% and a return on equity of 5.30%. Research analysts forecast that SK Telecom will post 2.27 EPS for the current year.

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.