SK Telecom Co., Ltd. $SKM Shares Acquired by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lifted its position in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 5,390.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,821 shares of the Wireless communications provider’s stock after purchasing an additional 33,205 shares during the period. TD Waterhouse Canada Inc.’s holdings in SK Telecom were worth $1,078,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SKM. Kestra Advisory Services LLC acquired a new stake in SK Telecom in the fourth quarter valued at $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of SK Telecom during the 4th quarter worth about $30,000. Wexford Capital LP purchased a new position in shares of SK Telecom in the 3rd quarter valued at about $39,000. Cubist Systematic Strategies LLC acquired a new stake in shares of SK Telecom during the 1st quarter worth about $85,000. Finally, Matthews International Capital Management LLC lifted its stake in 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 worth $97,000 after purchasing an additional 835 shares during the last quarter.

Analyst Upgrades and Downgrades

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

SK Telecom Stock Performance

Shares of SK Telecom stock opened at $37.36 on Thursday. The firm’s fifty day simple moving average is $35.12 and its 200-day simple moving average is $34.82. SK Telecom Co., Ltd. has a 12 month low of $19.66 and a 12 month high of $47.18. The stock has a market capitalization of $14.34 billion, a price-to-earnings ratio of 29.89 and a beta of 0.67. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.18 and a quick ratio of 1.15.

SK Telecom (NYSE:SKM) last issued its quarterly earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.22. The firm had revenue of $2.81 billion during 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 5.59%. As a group, equities analysts forecast that SK Telecom Co., Ltd. will post 2.21 earnings per share for the current year.

About SK Telecom

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.