SK Telecom Co Ltd (SKM) Receives Consensus Recommendation of “Hold” from Analysts

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Shares of SK Telecom Co Ltd (NYSE:SKM) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $30.00.

SKM has been the subject of several recent research reports. HSBC raised shares of SK Telecom from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. ValuEngine upgraded SK Telecom from a “sell” rating to a “hold” rating in a research note on Friday, July 6th.

Several institutional investors have recently added to or reduced their stakes in SKM. Dimensional Fund Advisors LP lifted its stake in SK Telecom by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 168,087 shares of the Wireless communications provider’s stock worth $4,063,000 after purchasing an additional 6,319 shares during the last quarter. Jane Street Group LLC bought a new position in SK Telecom during the first quarter worth $882,000. Cubist Systematic Strategies LLC lifted its stake in SK Telecom by 42.3% during the first quarter. Cubist Systematic Strategies LLC now owns 21,878 shares of the Wireless communications provider’s stock worth $529,000 after purchasing an additional 6,499 shares during the last quarter. Millennium Management LLC lifted its stake in SK Telecom by 82.9% during the first quarter. Millennium Management LLC now owns 234,253 shares of the Wireless communications provider’s stock worth $5,662,000 after purchasing an additional 106,188 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in SK Telecom by 4.1% during the first quarter. Royal Bank of Canada now owns 340,979 shares of the Wireless communications provider’s stock worth $8,242,000 after purchasing an additional 13,313 shares during the last quarter. Institutional investors own 10.62% of the company’s stock.

Shares of NYSE:SKM opened at $25.93 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 1.31. SK Telecom has a 52-week low of $22.66 and a 52-week high of $28.97. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 7.08 and a beta of 0.46.

SK Telecom (NYSE:SKM) last issued its quarterly earnings data on Friday, September 14th. The Wireless communications provider reported $1.33 earnings per share (EPS) for the quarter. SK Telecom had a net margin of 18.28% and a return on equity of 20.22%. The company had revenue of $3.86 billion during the quarter. On average, analysts anticipate that SK Telecom will post 4.25 EPS for the current fiscal year.

About SK Telecom

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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Analyst Recommendations for SK Telecom (NYSE:SKM)

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