Nykredit A S Buys Shares of 347,052 SK Telecom Co., Ltd. $SKM

Key Points

• Nykredit A S purchased 347,052 shares of SK Telecom during the second quarter, worth approximately $11.16 million and representing a 0.09% stake.
• SK Telecom reported quarterly EPS of $0.81, exceeding the $0.59 consensus estimate, while revenue of $2.81 billion came in below analysts’ $2.96 billion forecast.
• Analyst sentiment remains mixed: ratings include one Buy, three Holds, and three Sells, resulting in an overall MarketBeat rating of “Reduce.”

Nykredit A S purchased a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 347,052 shares of the Wireless communications provider's stock, valued at approximately $11,161,000. Nykredit A S owned 0.09% of SK Telecom as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Great Lakes Advisors LLC boosted its stake in SK Telecom by 1.1% during the 4th quarter. Great Lakes Advisors LLC now owns 1,117,361 shares of the Wireless communications provider's stock valued at $22,939,000 after purchasing an additional 12,672 shares during the period. ABN Amro Investment Solutions raised its holdings in shares of SK Telecom by 136.8% during the first quarter. ABN Amro Investment Solutions now owns 568,343 shares of the Wireless communications provider's stock valued at $16,647,000 after buying an additional 328,300 shares during the last quarter. Cibc World Market Inc. boosted its position in shares of SK Telecom by 2.8% during the fourth quarter. Cibc World Market Inc. now owns 526,529 shares of the Wireless communications provider's stock worth $10,810,000 after buying an additional 14,350 shares during the period. Calamos Advisors LLC bought a new position in SK Telecom in the 1st quarter worth approximately $9,065,000. Finally, Wealth High Governance Capital Ltda acquired a new stake in SK Telecom in the 1st quarter valued at approximately $7,740,000.

SK Telecom Price Performance

Shares of SK Telecom stock opened at $35.92 on Monday. SK Telecom Co., Ltd. has a 52 week low of $19.66 and a 52 week high of $47.18. The company has a current ratio of 1.25, a quick ratio of 1.22 and a debt-to-equity ratio of 0.49. The stock has a market cap of $13.79 billion, a PE ratio of 28.74 and a beta of 0.67. The company's 50-day moving average price is $35.71 and its two-hundred day moving average price is $35.08.

SK Telecom (NYSE:SKM - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share (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 analysts' expectations of $2.96 billion. SK Telecom had a net margin of 4.23% and a return on equity of 5.30%. As a group, sell-side analysts anticipate that SK Telecom Co., Ltd. will post 2.21 EPS for the current fiscal year.

Analysts Set New Price Targets

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

SK Telecom Company Profile

SK Telecom Co, Ltd. is a South Korean telecommunications company that provides mobile communications, broadband internet, and media services. Its offerings include wireless voice and data plans, 5G connectivity, fixed-line broadband, internet protocol television, and related digital services for consumers and businesses.

The company also develops enterprise technology solutions in areas such as artificial intelligence, cloud computing, data centers, cybersecurity, and connected devices.

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