Teachers Retirement System of The State of Kentucky grew its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM – Free Report) by 8.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 239,810 shares of the Wireless communications provider’s stock after buying an additional 18,510 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.06% of SK Telecom worth $7,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also made changes to their positions in the business. Royal Bank of Canada boosted its stake in SK Telecom by 8.2% in the first quarter. Royal Bank of Canada now owns 43,999 shares of the Wireless communications provider’s stock valued at $936,000 after acquiring an additional 3,316 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of SK Telecom during the first quarter worth about $85,000. Millennium Management LLC increased its position 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 worth $4,823,000 after purchasing an additional 139,829 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of SK Telecom by 46.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider’s stock valued at $5,531,000 after purchasing an additional 83,030 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of SK Telecom by 10.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock valued at $134,000 after purchasing an additional 560 shares during the period.
Wall Street Analyst Weigh In
SKM has been the subject of a number of recent research reports. Weiss Ratings cut SK Telecom from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 27th. HSBC upgraded SK Telecom from a “reduce” rating to a “hold” rating in a research note on Thursday, May 7th. Zacks Research raised shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.
SK Telecom Stock Performance
NYSE SKM opened at $31.48 on Tuesday. SK Telecom Co., Ltd. has a 1-year low of $19.66 and a 1-year high of $47.18. The company has a market capitalization of $12.08 billion, a P/E ratio of 52.47, a PEG ratio of 0.20 and a beta of 0.63. The business has a 50 day moving average price of $36.61 and a 200 day moving average price of $31.62. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.15.
SK Telecom (NYSE:SKM – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.47 by $0.10. The business had revenue of $2.92 billion for 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 2.78%. Sell-side analysts expect that SK Telecom Co., Ltd. will post 2.76 EPS for the current fiscal year.
SK Telecom Profile
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.
Featured Stories
- Five stocks we like better than SK Telecom
- The SK Hynix IPO and 2027’s AI Memory Squeeze
- Meta Platforms Stock Rises as Muse Spark 1.1 AI Model Debuts
- Why Welltower’s Growth Story Might Outrun Its Rich Valuation
- One Short- and One Long-Term ETF for Quantum Computing Bulls
Receive News & Ratings for SK Telecom Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SK Telecom and related companies with MarketBeat.com's FREE daily email newsletter.
