3 Stocks Pushing The Telecommunications Industry Downward
1. As of noon trading, SK Telecom ( SKM) is down $0.61 (-2.7%) to $21.65 on average volume. Thus far, 404,878 shares of SK Telecom exchanged hands as compared to its average daily volume of 1.0 million shares. The stock has ranged in price between $21.60-$21.86 after having opened the day at $21.82 as compared to the previous trading day's close of $22.26. SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $14.1 billion and is part of the technology sector. Shares are up 42.1% year to date as of the close of trading on Monday. Currently there is 1 analyst that rates SK Telecom a buy, 1 analyst rates it a sell, and none rate it a hold. TheStreet Ratings rates SK Telecom as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full SK Telecom Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more. If you are interested in one of these 4 stocks, 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).
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