SK Telecom (NYSE:SKM) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Monday.
Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut SK Telecom from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research note on Friday, January 5th. CLSA cut SK Telecom from an “outperform” rating to an “underperform” rating in a research note on Wednesday, January 24th. Morgan Stanley reissued an “equal weight” rating on shares of SK Telecom in a research note on Thursday, January 11th. Finally, Macquarie cut SK Telecom from an “outperform” rating to a “neutral” rating in a research note on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. SK Telecom has a consensus rating of “Hold” and a consensus price target of $30.00.
SKM stock traded up $0.05 during midday trading on Monday, hitting $24.22. The stock had a trading volume of 410,822 shares, compared to its average volume of 504,137. The stock has a market cap of $15,361.12, a price-to-earnings ratio of 6.62 and a beta of 0.47. SK Telecom has a 52-week low of $23.01 and a 52-week high of $28.97. The company has a quick ratio of 0.83, a current ratio of 0.87 and a debt-to-equity ratio of 0.32.
SK Telecom Company Profile
SK Telecom Co, Ltd. provides wireless telecommunications in Korea. The Company is engaged in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media.
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