Allspring Global Investments Holdings LLC raised its position in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,062,667 shares of the Wireless communications provider's stock after purchasing an additional 17,718 shares during the period. Allspring Global Investments Holdings LLC owned 0.27% of SK Telecom worth $22,518,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. PDS Planning Inc bought a new stake in shares of SK Telecom during the 1st quarter worth $240,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of SK Telecom by 2.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 3,018,570 shares of the Wireless communications provider's stock worth $64,175,000 after acquiring an additional 80,042 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of SK Telecom by 13.9% during the 1st quarter. Blue Trust Inc. now owns 36,996 shares of the Wireless communications provider's stock worth $787,000 after acquiring an additional 4,524 shares during the last quarter. Elevation Point Wealth Partners LLC lifted its holdings in shares of SK Telecom by 13.0% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 35,308 shares of the Wireless communications provider's stock worth $751,000 after acquiring an additional 4,051 shares during the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of SK Telecom by 24.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 13,033 shares of the Wireless communications provider's stock worth $277,000 after acquiring an additional 2,559 shares during the last quarter.
Analyst Ratings Changes
A number of analysts have recently issued reports on SKM shares. Wall Street Zen downgraded shares of SK Telecom from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. New Street Research raised shares of SK Telecom to a "hold" rating in a research note on Monday, May 19th. Citigroup downgraded shares of SK Telecom from a "buy" rating to a "neutral" rating in a research note on Tuesday, May 6th. Finally, JPMorgan Chase & Co. downgraded shares of SK Telecom from an "overweight" rating to a "neutral" rating in a research note on Monday, May 12th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".
Read Our Latest Stock Analysis on SK Telecom
SK Telecom Trading Down 0.9%
SK Telecom stock traded down $0.21 during mid-day trading on Friday, hitting $23.58. The company's stock had a trading volume of 198,520 shares, compared to its average volume of 315,632. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.86. The stock has a market cap of $9.29 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 2.47 and a beta of 0.64. The business has a 50 day moving average price of $21.55 and a 200-day moving average price of $21.60. SK Telecom Co., Ltd. has a 12 month low of $19.84 and a 12 month high of $24.58.
SK Telecom (NYSE:SKM - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The Wireless communications provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.04. SK Telecom had a net margin of 7.31% and a return on equity of 10.98%. The firm had revenue of $3.18 billion for the quarter, compared to analysts' expectations of $3.12 billion. As a group, analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current year.
SK Telecom Company Profile
(
Free Report)
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.
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