119,882 Shares in SK Telecom Co., Ltd. $SKM Acquired by Calamos Wealth Management LLC

Calamos Wealth Management LLC acquired a new position in shares of SK Telecom Co., Ltd. (NYSE:SKM) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 119,882 shares of the Wireless communications provider’s stock, valued at approximately $3,511,000.

Several other large investors also recently added to or reduced their stakes in the stock. Boston Common Asset Management LLC raised its holdings in shares of SK Telecom by 83.1% during the 4th quarter. Boston Common Asset Management LLC now owns 362,424 shares of the Wireless communications provider’s stock worth $7,441,000 after acquiring an additional 164,472 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of SK Telecom by 18.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 221,300 shares of the Wireless communications provider’s stock valued at $4,543,000 after acquiring an additional 34,100 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of SK Telecom by 17.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,462,769 shares of the Wireless communications provider’s stock valued at $50,561,000 after purchasing an additional 374,428 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of SK Telecom by 46.3% in the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 136,003 shares of the Wireless communications provider’s stock valued at $2,792,000 after purchasing an additional 43,053 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new stake in SK Telecom during the first quarter worth about $1,734,000.

Wall Street Analyst Weigh In

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

SK Telecom Stock Down 5.3%

Shares of NYSE SKM opened at $31.48 on Tuesday. The stock has a market cap of $12.08 billion, a P/E ratio of 52.47, a PEG ratio of 0.20 and a beta of 0.63. The business’s fifty day simple moving average is $36.61 and its 200-day simple moving average is $31.62. SK Telecom Co., Ltd. has a 12-month low of $19.66 and a 12-month high of $47.18. 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 (NYSE:SKM) last released its earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 EPS 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 firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.98 billion. As a group, equities analysts predict that SK Telecom Co., Ltd. will post 2.76 EPS for the current fiscal 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.