SK Telecom Co., Ltd. $SKM Shares Bought by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 8.4% in the first quarter, Holdings Channel reports. The fund owned 239,810 shares of the Wireless communications provider’s stock after buying an additional 18,510 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in SK Telecom were worth $7,024,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in shares of SK Telecom during the fourth quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in SK Telecom in the fourth quarter valued at about $30,000. Allworth Financial LP grew its stake in SK Telecom by 138.2% during the 3rd quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock valued at $37,000 after purchasing an additional 987 shares in the last quarter. Wexford Capital LP purchased a new stake in SK Telecom during the 3rd quarter worth approximately $39,000. Finally, Matthews International Capital Management LLC raised its position in shares of SK Telecom by 50.4% in the 4th quarter. Matthews International Capital Management LLC now owns 2,491 shares of the Wireless communications provider’s stock valued at $51,000 after purchasing an additional 835 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Zacks Research raised shares of SK Telecom from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings cut SK Telecom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. HSBC upgraded SK Telecom from a “reduce” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded SK Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

SK Telecom Price Performance

Shares of NYSE:SKM opened at $31.48 on Tuesday. The stock has a market cap of $12.08 billion, a price-to-earnings ratio of 52.47, a PEG ratio of 0.20 and a beta of 0.63. 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 Co., Ltd. has a 12 month low of $19.66 and a 12 month high of $47.18. The stock’s 50 day moving average price is $36.61 and its 200 day moving average price is $31.62.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.10. SK Telecom had a return on equity of 2.78% and a net margin of 2.03%.The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.98 billion. Equities research analysts anticipate that SK Telecom Co., Ltd. will post 2.76 earnings per share for the current fiscal year.

SK Telecom Company 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.