Somewhat Positive Press Coverage Somewhat Unlikely to Affect SK Telecom Co. (SKM) Stock Price
Media stories about SK Telecom Co. (NYSE:SKM) have been trending somewhat positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SK Telecom Co. earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the Wireless communications provider an impact score of 46.2642896004711 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of SK Telecom Co. (NYSE:SKM) traded down $0.28 on Monday, reaching $25.75. 384,200 shares of the company’s stock were exchanged, compared to its average volume of 556,941. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.91 and a current ratio of 0.95. SK Telecom Co. has a 1 year low of $20.44 and a 1 year high of $28.13. The company has a market capitalization of $18,800.00, a price-to-earnings ratio of 9.20, a P/E/G ratio of 1.06 and a beta of 0.41.
A number of brokerages have weighed in on SKM. Zacks Investment Research raised shares of SK Telecom Co. from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a research note on Wednesday, November 8th. BidaskClub lowered shares of SK Telecom Co. from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. SK Telecom Co. currently has an average rating of “Hold” and an average price target of $29.00.
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.
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