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

SK Telecom Co Ltd (NYSE:SKM) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company.

SKM has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of SK Telecom from a “hold” rating to a “strong sell” rating in a report on Saturday, April 27th. Macquarie initiated coverage on shares of SK Telecom in a report on Tuesday, May 21st. They issued an “outperform” rating on the stock.

SK Telecom stock opened at $24.41 on Friday. The company has a market cap of $15.33 billion, a P/E ratio of 5.47 and a beta of 0.27. The firm’s fifty day simple moving average is $23.94. The company has a quick ratio of 1.12, a current ratio of 1.16 and a debt-to-equity ratio of 0.38. SK Telecom has a 1-year low of $22.71 and a 1-year high of $28.56.

A number of institutional investors and hedge funds have recently made changes to their positions in SKM. Icon Wealth Partners LLC bought a new position in SK Telecom in the 1st quarter worth $36,000. Mckinley Capital Management LLC Delaware acquired a new stake in SK Telecom in the 4th quarter worth $38,000. Investors Research Corp acquired a new stake in SK Telecom in the 1st quarter worth $64,000. Lindbrook Capital LLC acquired a new stake in SK Telecom in the 4th quarter worth $65,000. Finally, Aspire Private Capital LLC acquired a new stake in SK Telecom in the 4th quarter worth $85,000. Hedge funds and other institutional investors own 10.31% of the company’s stock.

About SK Telecom

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

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