SK Telecom Co., Ltd. (NYSE:SKM) Given Average Recommendation of “Hold” by Analysts

SK Telecom Co., Ltd. (NYSE:SKM) has earned an average recommendation of “Hold” from the three analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company.

Several research firms have recently issued reports on SKM. The Goldman Sachs Group lowered SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. StockNews.com cut shares of SK Telecom from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Citigroup lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Finally, UBS Group initiated coverage on SK Telecom in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock.

SK Telecom Price Performance

Shares of NYSE:SKM opened at $20.79 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. SK Telecom has a 52 week low of $20.28 and a 52 week high of $24.58. The firm has a market cap of $8.19 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 1.27 and a beta of 0.63. The firm’s fifty day moving average is $21.59 and its 200-day moving average is $21.90.

SK Telecom (NYSE:SKM) last issued its earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. Sell-side analysts predict that SK Telecom will post 2.27 earnings per share for the current year.

Institutional Investors Weigh In On SK Telecom

A number of institutional investors have recently made changes to their positions in SKM. JPMorgan Chase & Co. lifted its stake in SK Telecom by 2,337.9% in the third quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider’s stock worth $422,000 after purchasing an additional 17,020 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of SK Telecom by 34.4% in the fourth quarter. GAMMA Investing LLC now owns 3,019 shares of the Wireless communications provider’s stock worth $64,000 after buying an additional 773 shares during the period. Aprio Wealth Management LLC lifted its stake in shares of SK Telecom by 42.4% in the 4th quarter. Aprio Wealth Management LLC now owns 13,856 shares of the Wireless communications provider’s stock valued at $292,000 after acquiring an additional 4,128 shares during the last quarter. Green Alpha Advisors LLC boosted its holdings in SK Telecom by 3.3% during the 4th quarter. Green Alpha Advisors LLC now owns 52,996 shares of the Wireless communications provider’s stock valued at $1,115,000 after acquiring an additional 1,706 shares during the period. Finally, Kathmere Capital Management LLC bought a new position in SK Telecom during the 4th quarter worth approximately $270,000.

About SK Telecom

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.