SK Telecom Co., Ltd. (NYSE:SKM) Receives Consensus Rating of “Hold” from Brokerages

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

A number of brokerages have recently weighed in on SKM. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of SK Telecom in a research note on Wednesday, October 8th. The Goldman Sachs Group lowered shares of SK Telecom from a “neutral” rating to a “sell” rating in a research note on Monday, July 7th.

Institutional Investors Weigh In On SK Telecom

Hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC bought a new stake in SK Telecom during the second quarter worth about $313,000. Envestnet Asset Management Inc. boosted its stake in SK Telecom by 87.1% during the first quarter. Envestnet Asset Management Inc. now owns 157,789 shares of the Wireless communications provider’s stock worth $3,355,000 after acquiring an additional 73,444 shares in the last quarter. Ballentine Partners LLC bought a new stake in SK Telecom during the second quarter worth about $472,000. LPL Financial LLC boosted its stake in SK Telecom by 17.3% during the first quarter. LPL Financial LLC now owns 88,665 shares of the Wireless communications provider’s stock worth $1,885,000 after acquiring an additional 13,070 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in SK Telecom during the first quarter worth about $302,000.

SK Telecom Trading Down 0.4%

Shares of SKM opened at $20.70 on Tuesday. The firm’s 50-day moving average price is $21.64 and its 200-day moving average price is $21.83. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 10.78 and a beta of 0.58. The company has a current ratio of 1.03, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. SK Telecom has a 1-year low of $19.84 and a 1-year high of $24.34.

SK Telecom (NYSE:SKM) last announced its earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.20). The company had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.14 billion. SK Telecom had a net margin of 5.92% and a return on equity of 8.92%. Sell-side analysts anticipate that SK Telecom will post 2.27 EPS for the current year.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.