SK Telecom Co., Ltd. (NYSE:SKM - Get Free Report) shares saw an uptick in trading volume on Monday . 442,642 shares changed hands during trading, an increase of 80% from the previous session's volume of 246,101 shares.The stock last traded at $21.22 and had previously closed at $21.37.
Analysts Set New Price Targets
SKM has been the subject of a number of analyst reports. StockNews.com cut SK Telecom from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 12th. UBS Group initiated coverage on SK Telecom in a report on Wednesday, February 19th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group downgraded SK Telecom from a "buy" rating to a "neutral" rating in a report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on SKM
SK Telecom Stock Down 1.3 %
The business has a 50 day moving average price of $21.66 and a 200 day moving average price of $22.33. The firm has a market capitalization of $8.32 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 1.27 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.91 and a quick ratio of 0.88.
SK Telecom (NYSE:SKM - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 EPS for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. On average, analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current year.
Institutional Trading of SK Telecom
Several hedge funds and other institutional investors have recently bought and sold shares of SKM. Rhumbline Advisers lifted its stake in shares of SK Telecom by 30.8% in the fourth quarter. Rhumbline Advisers now owns 87,146 shares of the Wireless communications provider's stock valued at $1,834,000 after buying an additional 20,506 shares during the period. JPMorgan Chase & Co. lifted its position in shares of SK Telecom by 2,337.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,748 shares of the Wireless communications provider's stock worth $422,000 after acquiring an additional 17,020 shares during the period. Blue Trust Inc. grew its holdings in shares of SK Telecom by 51.2% during the 4th quarter. Blue Trust Inc. now owns 65,823 shares of the Wireless communications provider's stock worth $1,385,000 after purchasing an additional 22,281 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of SK Telecom by 130.8% during the fourth quarter. Global Retirement Partners LLC now owns 7,526 shares of the Wireless communications provider's stock valued at $158,000 after purchasing an additional 4,265 shares during the period. Finally, Mount Yale Investment Advisors LLC acquired a new position in shares of SK Telecom in the fourth quarter valued at $658,000.
SK Telecom Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider SK Telecom, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SK Telecom wasn't on the list.
While SK Telecom currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
