CLSA lowered shares of SK Telecom (NYSE:SKM) from an outperform rating to an underperform rating in a research note released on Wednesday, The Fly reports.

A number of other research firms also recently weighed in on SKM. Citigroup upgraded shares of SK Telecom from a neutral rating to a buy rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of SK Telecom from a hold rating to a buy rating and set a $31.00 price target on the stock in a report on Friday, January 12th. Finally, Morgan Stanley restated an equal weight rating on shares of SK Telecom in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $32.00.

SK Telecom (SKM) opened at $28.16 on Wednesday. The firm has a market cap of $20,270.00, a price-to-earnings ratio of 7.67, a PEG ratio of 1.06 and a beta of 0.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.90 and a current ratio of 0.94. SK Telecom has a twelve month low of $21.14 and a twelve month high of $28.97.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Monday, November 6th. The Wireless communications provider reported $1.10 earnings per share for the quarter. SK Telecom had a net margin of 14.23% and a return on equity of 15.04%. sell-side analysts forecast that SK Telecom will post 3.17 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in SK Telecom in the 3rd quarter worth $101,000. FNY Managed Accounts LLC bought a new position in SK Telecom in the 3rd quarter worth $119,000. Fieldpoint Private Securities LLC bought a new position in SK Telecom in the 3rd quarter worth $122,000. Picton Mahoney Asset Management bought a new position in SK Telecom in the 2nd quarter worth $194,000. Finally, Bessemer Group Inc. raised its holdings in SK Telecom by 66.9% in the 3rd quarter. Bessemer Group Inc. now owns 7,569 shares of the Wireless communications provider’s stock worth $186,000 after acquiring an additional 3,033 shares during the period. Institutional investors and hedge funds own 11.40% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2018/01/27/sk-telecom-skm-downgraded-by-clsa-to-underperform.html.

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.

The Fly

Analyst Recommendations for SK Telecom (NYSE:SKM)

Receive News & Ratings for SK Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom and related companies with MarketBeat.com's FREE daily email newsletter.