Shares of SK Telecom Co., Ltd. (NYSE:SKM) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of research analysts have issued reports on the company. BidaskClub upgraded SK Telecom Co. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded SK Telecom Co. from a “hold” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research note on Tuesday, August 1st. Finally, Goldman Sachs Group, Inc. (The) upgraded SK Telecom Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 21st.

Several hedge funds have recently bought and sold shares of the company. Macquarie Group Ltd. grew its stake in shares of SK Telecom Co. by 6.8% during the 2nd quarter. Macquarie Group Ltd. now owns 7,758,015 shares of the Wireless communications provider’s stock worth $199,159,000 after acquiring an additional 493,515 shares during the period. JPMorgan Chase & Co. grew its stake in shares of SK Telecom Co. by 8.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,524,444 shares of the Wireless communications provider’s stock worth $90,471,000 after acquiring an additional 271,434 shares during the period. Oldfield Partners LLP grew its stake in shares of SK Telecom Co. by 6.6% during the 3rd quarter. Oldfield Partners LLP now owns 2,735,674 shares of the Wireless communications provider’s stock worth $67,270,000 after acquiring an additional 169,500 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of SK Telecom Co. by 121.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,329,928 shares of the Wireless communications provider’s stock worth $59,809,000 after acquiring an additional 1,275,825 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of SK Telecom Co. by 0.7% during the 2nd quarter. Janus Henderson Group PLC now owns 1,934,540 shares of the Wireless communications provider’s stock worth $49,689,000 after acquiring an additional 12,625 shares during the period. Institutional investors own 11.92% of the company’s stock.

TRADEMARK VIOLATION WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another website, it was illegally copied and reposted in violation of US and international copyright and trademark laws. The original version of this story can be read at https://www.thecerbatgem.com/2017/11/08/sk-telecom-co-ltd-skm-receives-average-recommendation-of-hold-from-brokerages.html.

SK Telecom Co. (NYSE:SKM) opened at $25.50 on Wednesday. The stock has a market capitalization of $18,550.00, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 1.53 and a beta of 0.41. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.95 and a quick ratio of 0.91. SK Telecom Co. has a 12 month low of $20.44 and a 12 month high of $28.13.

About SK Telecom Co.

SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.

Receive News & Stock Ratings for SK Telecom Co. Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom Co. Ltd. and related stocks with our FREE daily email newsletter.