19,418 Shares in SK Telecom Co., Ltd. $SKM Acquired by Cetera Investment Advisers

Key Points

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Cetera Investment Advisers bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,418 shares of the Wireless communications provider's stock, valued at approximately $413,000.

Several other large investors have also made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of SK Telecom by 2.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 3,018,570 shares of the Wireless communications provider's stock valued at $64,175,000 after acquiring an additional 80,042 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of SK Telecom by 1.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,062,667 shares of the Wireless communications provider's stock valued at $22,518,000 after acquiring an additional 17,718 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of SK Telecom during the fourth quarter valued at $10,712,000. Boston Common Asset Management LLC lifted its stake in shares of SK Telecom by 2.1% during the first quarter. Boston Common Asset Management LLC now owns 220,211 shares of the Wireless communications provider's stock valued at $4,682,000 after acquiring an additional 4,454 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its stake in shares of SK Telecom by 24.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 173,997 shares of the Wireless communications provider's stock valued at $3,661,000 after acquiring an additional 34,668 shares during the period.

Analyst Ratings Changes

Several research firms have weighed in on SKM. Citigroup lowered SK Telecom from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. lowered SK Telecom from an "overweight" rating to a "neutral" rating in a research note on Monday, May 12th. New Street Research raised SK Telecom to a "hold" rating in a research note on Monday, May 19th. The Goldman Sachs Group lowered SK Telecom from a "neutral" rating to a "sell" rating in a research note on Monday, July 7th. Finally, Wall Street Zen lowered SK Telecom from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold".

SK Telecom Stock Performance

Shares of SKM traded up $0.2190 during mid-day trading on Friday, reaching $22.2590. The company's stock had a trading volume of 259,210 shares, compared to its average volume of 349,666. SK Telecom Co., Ltd. has a 1-year low of $19.84 and a 1-year high of $24.58. The stock has a market cap of $8.77 billion, a P/E ratio of 11.41, a PEG ratio of 9.06 and a beta of 0.63. The business has a 50-day simple moving average of $22.50 and a two-hundred day simple moving average of $21.83. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.55.

SK Telecom (NYSE:SKM - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.20). SK Telecom had a net margin of 5.92% and a return on equity of 8.89%. The business had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.14 billion. As a group, equities research analysts anticipate that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates through three segments: Cellular Services, Fixed-Line Telecommunications Services, and Other Businesses. The Cellular Services segment offers wireless voice and data transmission, Internet of Things solutions, platform, cloud, smart factory solutions, subscription, advertising and curated shopping under T Deal brand name, and metaverse platform-based services, as well as sells wireless devices.