Nykredit A S Makes New Investment in SK Telecom Co., Ltd. $SKM

Nykredit A S acquired a new position in SK Telecom Co., Ltd. (NYSE:SKM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 450,102 shares of the Wireless communications provider’s stock, valued at approximately $14,475,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SKM. Groupama Asset Managment boosted its holdings in shares of SK Telecom by 1.7% during the 4th quarter. Groupama Asset Managment now owns 25,371 shares of the Wireless communications provider’s stock worth $521,000 after buying an additional 418 shares in the last quarter. Vise Technologies Inc. increased its position in shares of SK Telecom by 1.9% during the third quarter. Vise Technologies Inc. now owns 27,553 shares of the Wireless communications provider’s stock worth $595,000 after acquiring an additional 525 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in SK Telecom by 10.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock worth $134,000 after purchasing an additional 560 shares in the last quarter. Matthews International Capital Management LLC raised its position in SK Telecom by 33.5% in the 1st 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 last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of SK Telecom by 3.7% in the fourth quarter. Ballentine Partners LLC now owns 24,182 shares of the Wireless communications provider’s stock valued at $496,000 after purchasing an additional 857 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently commented on SKM. Zacks Research downgraded SK Telecom from a “strong-buy” rating to a “strong sell” rating in a research report on Thursday, August 27th. Wall Street Zen upgraded SK Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings raised SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. upgraded SK Telecom from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

SK Telecom Stock Performance

SK Telecom stock opened at $38.63 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.57. SK Telecom Co., Ltd. has a 1-year low of $19.66 and a 1-year high of $47.18. The firm has a market capitalization of $14.82 billion, a PE ratio of 30.90 and a beta of 0.67. The firm’s 50 day simple moving average is $34.76 and its 200 day simple moving average is $34.68.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.22. SK Telecom had a return on equity of 5.59% and a net margin of 4.23%.The company had revenue of $2.81 billion during the quarter, compared to analyst estimates of $2.96 billion. As a group, analysts expect that SK Telecom Co., Ltd. will post 2.21 earnings per share for the current fiscal year.

SK Telecom 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.