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TheStreet Wire

SK Telecom Co. Ltd. (SKM): Today's Featured Telecommunications Loser

By TheStreet Wire 06/15/12 - 05:01 PM EDT

Find out if (SKM) is in Cramer's Portfolio.

SK Telecom (SKM) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day up 0.9%. By the end of trading, SK Telecom fell 13 cents (-1.1%) to $11.38 on average volume. Throughout the day, 2.5 million shares of SK Telecom exchanged hands as compared to its average daily volume of 2.3 million shares. The stock ranged in price between $11.31-$11.47 after having opened the day at $11.42 as compared to the previous trading day's close of $11.51. Other company's within the Telecommunications industry that declined today were: Telecom Argentina (TEO), down 8.1%, Alaska Communications Systems Group (ALSK), down 7.9%, UTStarcom Holdings (UTSI), down 7.7%, and Elephant Talk Communications (ETAK), down 7.3%.

SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $7.15 billion and is part of the technology sector. The company has a P/E ratio of 5.3, above the average telecommunications industry P/E ratio of 4.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 14.5% year to date as of the close of trading on Thursday. Currently there are no analysts that rate SK Telecom a buy, one analyst rates it a sell, and none rate it a hold.

TheStreet Ratings rates SK Telecom as a hold. Among the primary strengths of the company is its attractive valuation levels, considering its current price compared to earnings, book value and other measures. At the same time, however, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

You can view the full SK Telecom Ratings Report.

On the positive front, RIT Technologies (RITT), up 15.4%, Mitel Networks Corporation (MITL), up 7.4%, Level three Communications (LVLT), up 6.6%, and Calix (CALX), up 6.5%, were all gainers within the telecommunications industry with Ericsson Telephone Company (ERIC) being today's featured telecommunications industry winner.

Use our telecommunications section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom (IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication (TLL).

Find other investment ideas from our top rated ETFs lists.

For more information on SK Telecom Co. Ltd. click any of the following:

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