Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day down 0.9%. By the end of trading, SK Telecom fell 60 cents (-3.3%) to $17.65 on average volume. Throughout the day, 1.6 million shares of SK Telecom exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $17.64-$17.92 after having opened the day at $17.89 as compared to the previous trading day's close of $18.25. Other companies within the Telecommunications industry that declined today were:
), down 11.5%,
), down 10.8%,
), down 8.5%, and
), down 8%.
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SK Telecom Co., Ltd. provides wireless telecommunications services principally in Korea. SK Telecom has a market cap of $11.41 billion and is part of the technology sector. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7. Shares are up 16.2% year to date as of the close of trading on Wednesday. Currently there are two 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
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full SK Telecom Ratings Report.
On the positive front,
), up 6%,
), up 5.9%,
), up 4%, and
), up 3.9%, were all gainers within the telecommunications industry with
Research in Motion
) being today's featured telecommunications industry leader.
- 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
) while those bearish on the telecommunications industry could consider
- Find other investment ideas from our top rated ETFs lists.
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