Could SK Telecom Co Ltd (ADR) (SKM) Decline After Today’s Huge Increase?

September 17, 2017 - By reb123z

The stock of SK Telecom Co Ltd (ADR) (NYSE:SKM) is a huge mover today! The stock increased 3.73% or $0.88 on September 15, reaching $24.45. About 1.38 million shares traded or 134.63% up from the average. SK Telecom Co Ltd (ADR) (NYSE:SKM) has risen 24.69% since September 17, 2016 and is uptrending. It has outperformed by 7.99% the S&P500.
The move comes after 6 months positive chart setup for the $18.04 billion company. It was reported on Sep, 17 by Barchart.com. We have $25.67 PT which if reached, will make NYSE:SKM worth $902.00 million more.

SK Telecom Co Ltd (ADR) (NYSE:SKM) Ratings Coverage

Among 4 analysts covering SK Telecom (NYSE:SKM), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. SK Telecom had 4 analyst reports since November 2, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, April 27 by HSBC. The firm earned “Neutral” rating on Monday, November 2 by JP Morgan. The company was downgraded on Tuesday, October 25 by Macquarie Research. The rating was upgraded by CLSA to “Buy” on Monday, October 24.

More news for SK Telecom Co Ltd (ADR) (NYSE:SKM) were recently published by: Nasdaq.com, which released: “Oversold Conditions For SK Telecom (SKM)” on September 05, 2017. Nasdaq.com‘s article titled: “Zacks.com featured highlights Volkswagen, Hitachi, SK Telecom …” and published on August 28, 2017 is yet another important article.

SK Telecom Co., Ltd. provides wireless telecommunications in Korea. The company has market cap of $18.04 billion. The Firm 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 solutions, lifestyle enhancement and advanced media. It has a 8.75 P/E ratio. It operates through three divisions: cellular services, which include wireless voice and data transmission services, sales of wireless devices, IoT solutions platform services and lifestyle enhancement platform services; fixed-line telecommunication services, which include fixed-line telephone services, broadband Internet services, advanced media platform services (including Internet Protocol television (IPTV)) and business communications services, and other businesses, which include its commerce business, its hardware business and other operations.

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