Stocks of SK Telecom Co.Ltd (NYSE:SKM) traded higher last session on Wall Street, up 0.33% to $21.59.
According to the data, SK Telecom Co.Ltd (NYSE:SKM) has 20 analysts covering its stock. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $44.14 and a low of $19.96, we find $27.19. Given the previous closing price of $21.52, this indicates a potential upside of 26.35 percent. SKM stock price is now 3.21% away from the 50-day moving average and -2.87% away from the 200-day moving average. The market capitalization of the company currently stands at $8.42B.
A total of 0 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $28.64 as their price target over the next twelve months.
, while ‘Nomura’ rates the stock as ‘Buy’.
A total of 26.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SKM stock. A new stake in SK Telecom Co.Ltd shares was purchased by WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $6,700,000. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC invested $6,679,000 in shares of SKM during the first quarter. In the first quarter, NINE MASTS CAPITAL LTD acquired a new stake in SK Telecom Co.Ltd valued at approximately $1,623,000. JENKINS WEALTH acquired a new stake in SKM for approximately $1,048,000. RITHOLTZ WEALTH MANAGEMENT purchased a new stake in SKM valued at around $581,000 in the second quarter. In total, there are 220 active investors with 6.30% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $21.54 for SK Telecom Co.Ltd (NYSE: SKM). During the past 12 months, SK Telecom Co.Ltd has had a low of $18.32 and a high of $28.10. As of last week, the company has a debt-to-equity ratio of 0.96, a current ratio of 1.00, and a quick ratio of 1.00. The fifty day moving average price for SKM is $20.94 and a two-hundred day moving average price translates $22.20 for the stock.
The latest earnings results from SK Telecom Co.Ltd (NYSE: SKM) was released for Jun, 2022. The company reported revenue of $3.04 billion for the quarter, compared to $4.47 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -31.99 percent.
Moreover, the firm recently paid out its quarterly dividend on 05/24/2022. Investors who held shares on 03/31/2022 were paid a $0.3604 dividend. On an annualized basis, this represents a $2.19 dividend and a 10.13% percent yield. There was an ex-dividend date of 03/30/2022 for this dividend.
SK Telecom Co.Ltd(SKM) Company Profile
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, and metaverse platform-based services, as well as sells wireless devices. The Fixed-Line Telecommunications Services segment provides fixed-line telephone services; broadband Internet services; media platform services, such as Internet protocol TV and cable TV; and business communications services. The Other Businesses segment offers television shopping services under the T-commerce brand, as well as portal services. In addition, it provides call center management, base station maintenance, information gathering and consulting, system software development and supply, quantum information and communications, data base and internet website, and digital contents sourcing services; manufactures and sells e-book; sells contents and mastering quality sound album; sells and trades in anti-theft and surveillance devices; and operates information and communications facilities. As of December 31, 2021, the company had 3.6 million fixed-line telephone and 31.9 million wireless subscribers. SK Telecom Company Limited was incorporated in 1984 and is headquartered in Seoul, South Korea.