Core Viewpoint - SK Telecom has been upgraded to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system is based on changes in a company's earnings picture, which is crucial for predicting near-term stock price movements [2][4]. - Rising earnings estimates for SK Telecom indicate an improvement in the company's underlying business, likely leading to an increase in stock price [5][8]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - The upgrade of SK Telecom to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, SK Telecom is expected to earn $0.56 per share, which remains unchanged from the previous year, but the Zacks Consensus Estimate has increased by 6.3% over the past three months [8].
All You Need to Know About SK Telecom (SKM) Rating Upgrade to Buy