Todd Asset Management LLC grew its position in shares of SK Telecom Co., Ltd. (NYSE:SKM – Free Report) by 18.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 222,868 shares of the Wireless communications provider’s stock after purchasing an additional 34,340 shares during the period. Todd Asset Management LLC’s holdings in SK Telecom were worth $4,575,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in SKM. Royal Bank of Canada increased its stake in SK Telecom by 8.2% during the 1st quarter. Royal Bank of Canada now owns 43,999 shares of the Wireless communications provider’s stock worth $936,000 after buying an additional 3,316 shares during the period. Cubist Systematic Strategies LLC purchased a new position in SK Telecom in the 1st quarter valued at about $85,000. Millennium Management LLC grew its stake in shares of SK Telecom by 160.7% during the first quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock valued at $4,823,000 after acquiring an additional 139,829 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of SK Telecom by 46.9% during the first quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider’s stock valued at $5,531,000 after acquiring an additional 83,030 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of SK Telecom by 10.8% during the second quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock worth $134,000 after acquiring an additional 560 shares during the last quarter.
Analyst Upgrades and Downgrades
SKM has been the subject of a number of analyst reports. Wall Street Zen raised SK Telecom from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup lowered SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Zacks Research downgraded shares of SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Bank of America lowered shares of SK Telecom from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 18th. Finally, Weiss Ratings raised shares of SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 12th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.
SK Telecom Trading Down 0.0%
Shares of SKM stock opened at $37.75 on Tuesday. The firm has a market capitalization of $14.49 billion, a PE ratio of 62.91, a price-to-earnings-growth ratio of 0.23 and a beta of 0.61. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.00 and a current ratio of 1.03. SK Telecom Co., Ltd. has a 1 year low of $19.66 and a 1 year high of $40.49. The stock has a fifty day moving average of $34.63 and a two-hundred day moving average of $27.70.
SK Telecom (NYSE:SKM – Get Free Report) last announced its earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.98 billion. SK Telecom had a net margin of 2.03% and a return on equity of 2.84%. As a group, research analysts expect that SK Telecom Co., Ltd. will post 2.76 EPS for the current year.
About SK Telecom
SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.
Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.
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