BNP Paribas Financial Markets Invests $10.71 Million in SK Telecom Co., Ltd. (NYSE:SKM)

BNP Paribas Financial Markets bought a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 509,104 shares of the Wireless communications provider’s stock, valued at approximately $10,712,000. BNP Paribas Financial Markets owned 0.13% of SK Telecom as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKM. Jane Street Group LLC purchased a new stake in SK Telecom during the fourth quarter worth approximately $309,000. Parvin Asset Management LLC purchased a new stake in SK Telecom during the 4th quarter worth $789,000. Schonfeld Strategic Advisors LLC acquired a new stake in SK Telecom in the 4th quarter valued at $431,000. Northern Trust Corp raised its position in SK Telecom by 270.1% in the fourth quarter. Northern Trust Corp now owns 83,497 shares of the Wireless communications provider’s stock valued at $1,757,000 after purchasing an additional 60,935 shares during the period. Finally, Integrated Wealth Concepts LLC lifted its stake in shares of SK Telecom by 3.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 13,465 shares of the Wireless communications provider’s stock worth $283,000 after purchasing an additional 472 shares in the last quarter.

Analyst Ratings Changes

SKM has been the topic of several analyst reports. StockNews.com downgraded SK Telecom from a “strong-buy” rating to a “buy” rating in a report on Thursday. The Goldman Sachs Group cut shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. UBS Group started coverage on shares of SK Telecom in a report on Wednesday, February 19th. They set a “buy” rating for the company. Finally, Citigroup lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a report on Tuesday, May 6th.

SK Telecom Stock Performance

Shares of SKM opened at $20.79 on Friday. The firm has a market cap of $8.19 billion, a price-to-earnings ratio of 8.49, a PEG ratio of 1.27 and a beta of 0.63. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $21.59 and its two-hundred day moving average is $21.90. SK Telecom Co., Ltd. has a 52-week low of $20.28 and a 52-week high of $24.58.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. Analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

About SK Telecom

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.