B. Metzler seel. Sohn & Co. AG Boosts Stock Holdings in SK Telecom Co., Ltd. $SKM

Key Points

• B. Metzler seel. Sohn & Co. AG increased its SK Telecom holdings by 367.4% in the second quarter, ending with 59,057 shares worth approximately $1.9 million.
• SK Telecom reported quarterly EPS of $0.81, beating estimates of $0.59, while revenue of $2.81 billion fell short of the $2.96 billion consensus forecast.
• Analyst sentiment remains mixed, with one Buy, three Hold and three Sell ratings; MarketBeat assigns the stock an average rating of “Reduce.”

B. Metzler seel. Sohn & Co. AG grew its holdings in SK Telecom Co., Ltd. (NYSE:SKM - Free Report) by 367.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,057 shares of the Wireless communications provider's stock after purchasing an additional 46,422 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in SK Telecom were worth $1,899,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SKM. Kestra Advisory Services LLC purchased a new position in shares of SK Telecom in the fourth quarter valued at $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in SK Telecom in the 4th quarter worth about $30,000. Wexford Capital LP purchased a new position in SK Telecom during the 3rd quarter valued at about $39,000. Cubist Systematic Strategies LLC purchased a new position in SK Telecom during the 1st quarter valued at about $85,000. Finally, Matthews International Capital Management LLC increased its position in shares of SK Telecom by 33.5% during the first quarter. Matthews International Capital Management LLC now owns 3,326 shares of the Wireless communications provider's stock valued at $97,000 after buying an additional 835 shares during the period.

SK Telecom Stock Performance

Shares of SKM stock opened at $38.63 on Friday. The company has a market capitalization of $14.82 billion, a P/E ratio of 30.90 and a beta of 0.67. SK Telecom Co., Ltd. has a fifty-two week low of $19.66 and a fifty-two week high of $47.18. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a 50 day moving average price of $34.76 and a two-hundred day moving average price of $34.68.

SK Telecom (NYSE:SKM - Get Free Report) last issued its earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.59 by $0.22. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.96 billion. SK Telecom had a net margin of 4.23% and a return on equity of 5.59%. Analysts expect that SK Telecom Co., Ltd. will post 2.21 earnings per share for the current year.

Wall Street Analyst Weigh In

SKM has been the topic of a number of analyst reports. Weiss Ratings raised shares of SK Telecom from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 13th. JPMorgan Chase & Co. upgraded shares of SK Telecom from a "neutral" rating to an "overweight" rating in a research report on Thursday, July 16th. Zacks Research downgraded SK Telecom from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, August 27th. Finally, Wall Street Zen raised SK Telecom from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce".

SK Telecom Company 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.

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