SK Telecom Co., Ltd. (NYSE:SKM) has been assigned a consensus rating of “Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.00.

A number of research analysts recently issued reports on SKM shares. Citigroup upgraded shares of SK Telecom from a “neutral” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research cut shares of SK Telecom from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, BidaskClub cut shares of SK Telecom from a “buy” rating to a “hold” rating in a report on Saturday, August 12th.

Shares of SK Telecom (NYSE:SKM) traded down $0.08 during midday trading on Friday, reaching $27.88. 583,172 shares of the company were exchanged, compared to its average volume of 554,793. The firm has a market capitalization of $20,410.00, a PE ratio of 9.81, a P/E/G ratio of 1.13 and a beta of 0.42. 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 has a 52-week low of $20.44 and a 52-week high of $28.13.

Several institutional investors have recently added to or reduced their stakes in SKM. Bank of New York Mellon Corp boosted its holdings in shares of SK Telecom by 13.8% in the first quarter. Bank of New York Mellon Corp now owns 19,040 shares of the Wireless communications provider’s stock valued at $479,000 after buying an additional 2,315 shares during the period. Vanguard Group Inc. boosted its holdings in shares of SK Telecom by 10.0% in the first quarter. Vanguard Group Inc. now owns 1,263,951 shares of the Wireless communications provider’s stock valued at $31,826,000 after buying an additional 114,502 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of SK Telecom by 226.9% in the first quarter. Dimensional Fund Advisors LP now owns 32,485 shares of the Wireless communications provider’s stock valued at $818,000 after buying an additional 22,549 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of SK Telecom by 11.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 145,175 shares of the Wireless communications provider’s stock valued at $3,656,000 after buying an additional 14,924 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of SK Telecom by 14.4% in the second quarter. US Bancorp DE now owns 12,126 shares of the Wireless communications provider’s stock valued at $311,000 after buying an additional 1,522 shares during the period. Institutional investors own 11.41% of the company’s stock.

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SK Telecom Company Profile

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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