Calamos Advisors LLC Makes New Investment in SK Telecom Co., Ltd. $SKM

Calamos Advisors LLC bought a new stake in SK Telecom Co., Ltd. (NYSE:SKM) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 309,483 shares of the Wireless communications provider’s stock, valued at approximately $9,065,000.

Other institutional investors have also recently made changes to their positions in the company. Boston Common Asset Management LLC increased its holdings in SK Telecom by 83.1% in 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 last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in SK Telecom by 18.2% during the fourth 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 purchasing an additional 34,100 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in SK Telecom by 17.9% during 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 last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in SK Telecom by 46.3% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 136,003 shares of the Wireless communications provider’s stock worth $2,792,000 after purchasing an additional 43,053 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of SK Telecom in the first quarter worth about $1,734,000.

Wall Street Analysts Forecast Growth

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

SK Telecom Stock Performance

SK Telecom stock opened at $31.42 on Wednesday. SK Telecom Co., Ltd. has a 1-year low of $19.66 and a 1-year 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. The firm has a market capitalization of $12.06 billion, a PE ratio of 52.37, a price-to-earnings-growth ratio of 0.19 and a beta of 0.63. The firm’s 50 day simple moving average is $36.49 and its 200 day simple moving average is $31.70.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.47 by $0.10. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.98 billion. SK Telecom had a net margin of 2.03% and a return on equity of 2.78%. As a group, analysts expect that SK Telecom Co., Ltd. will post 2.76 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.