Lester Murray Antman dba SimplyRich purchased a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 12,130 shares of the Wireless communications provider's stock, valued at approximately $283,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SKM. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of SK Telecom during the 1st quarter worth about $37,000. Farther Finance Advisors LLC raised its position in shares of SK Telecom by 1,780.9% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,674 shares of the Wireless communications provider's stock worth $39,000 after buying an additional 1,585 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of SK Telecom in the 1st quarter worth approximately $42,000. Brooklyn Investment Group grew its stake in shares of SK Telecom by 854.4% in the 1st quarter. Brooklyn Investment Group now owns 2,300 shares of the Wireless communications provider's stock worth $49,000 after purchasing an additional 2,059 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of SK Telecom in the 1st quarter worth approximately $85,000.
Analyst Ratings Changes
Several brokerages have recently issued reports on SKM. The Goldman Sachs Group cut shares of SK Telecom from a "neutral" rating to a "sell" rating in a research note on Monday, July 7th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of SK Telecom in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold".
Get Our Latest Stock Report on SKM
SK Telecom Stock Performance
SK Telecom stock opened at $21.18 on Friday. The firm's 50 day simple moving average is $21.93 and its 200-day simple moving average is $21.82. The company has a market cap of $8.34 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 10.91 and a beta of 0.58. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.03 and a quick ratio of 1.01. SK Telecom Co., Ltd. has a fifty-two week low of $19.84 and a fifty-two week high of $24.34.
SK Telecom (NYSE:SKM - Get Free Report) last released its earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.20). The firm had revenue of $3.12 billion during the quarter, compared to analysts' expectations of $3.14 billion. SK Telecom had a return on equity of 8.92% and a net margin of 5.92%. As a group, equities research analysts predict 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.
Further Reading
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