SK Telecom Co Ltd (SKM) Receives Average Recommendation of “Hold” from Brokerages

Shares of SK Telecom Co Ltd (NYSE:SKM) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company.

A number of brokerages have recently commented on SKM. Nomura raised shares of SK Telecom from a “neutral” rating to a “buy” rating in a report on Friday, December 7th. Zacks Investment Research lowered shares of SK Telecom from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Finally, HSBC raised shares of SK Telecom from a “hold” rating to a “buy” rating in a report on Friday, October 26th.

Hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new position in shares of SK Telecom during the 3rd quarter valued at $544,000. LSV Asset Management grew its holdings in shares of SK Telecom by 0.3% during the 3rd quarter. LSV Asset Management now owns 1,242,106 shares of the Wireless communications provider’s stock valued at $34,629,000 after purchasing an additional 3,600 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of SK Telecom by 2.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,508,135 shares of the Wireless communications provider’s stock valued at $35,177,000 after purchasing an additional 31,258 shares during the last quarter. Banco de Sabadell S.A grew its holdings in shares of SK Telecom by 656.9% during the 3rd quarter. Banco de Sabadell S.A now owns 43,376 shares of the Wireless communications provider’s stock valued at $1,193,000 after purchasing an additional 37,645 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of SK Telecom by 21.9% during the 2nd quarter. Bank of America Corp DE now owns 2,518,915 shares of the Wireless communications provider’s stock valued at $58,742,000 after purchasing an additional 451,986 shares during the last quarter.



Shares of NYSE:SKM opened at $26.41 on Wednesday. The firm has a market capitalization of $17.16 billion, a PE ratio of 7.22, a P/E/G ratio of 0.39 and a beta of 0.52. SK Telecom has a one year low of $22.66 and a one year high of $28.97. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.49 and a current ratio of 1.53.

SK Telecom (NYSE:SKM) last issued its quarterly earnings results on Tuesday, October 30th. The Wireless communications provider reported $1.46 EPS for the quarter. The firm had revenue of $3.77 billion for the quarter. SK Telecom had a net margin of 19.63% and a return on equity of 20.30%. Research analysts expect that SK Telecom will post 4.21 EPS for the current fiscal year.

SK Telecom Company Profile

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice transmission and data transmission services; cellular global roaming services; interconnection services to connect its networks to fixed-line and other wireless networks; Internet of Things solutions; and platform services, as well as sells wireless devices, including smartphones and basic phones, tablets and other Internet access devices, and wearable devices.

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