Euro Pacific Asset Management LLC Raises Holdings in SK Telecom Co., Ltd. $SKM

Euro Pacific Asset Management LLC boosted its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 80.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 223,557 shares of the Wireless communications provider’s stock after purchasing an additional 99,741 shares during the quarter. Euro Pacific Asset Management LLC’s holdings in SK Telecom were worth $6,513,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Calamos Wealth Management LLC purchased a new position in shares of SK Telecom in the 1st quarter valued at about $3,511,000. Calamos Advisors LLC purchased a new stake in shares of SK Telecom during the first quarter worth approximately $9,065,000. Matthews International Capital Management LLC increased its stake in shares of 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 buying an additional 835 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in SK Telecom by 8.4% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 239,810 shares of the Wireless communications provider’s stock valued at $7,024,000 after acquiring an additional 18,510 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in SK Telecom by 33.7% in the first quarter. Sequoia Financial Advisors LLC now owns 117,443 shares of the Wireless communications provider’s stock valued at $3,440,000 after acquiring an additional 29,581 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SKM shares. Weiss Ratings downgraded shares of SK Telecom from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 27th. JPMorgan Chase & Co. upgraded shares of SK Telecom from a “neutral” rating to an “overweight” rating in a report on Thursday. Wall Street Zen raised shares of SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Zacks Research upgraded shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, HSBC raised SK Telecom from a “reduce” rating to a “hold” rating in a report on Thursday, May 7th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce”.

SK Telecom Stock Performance

Shares of SKM opened at $30.73 on Friday. The company has a market capitalization of $11.79 billion, a price-to-earnings ratio of 51.22, a price-to-earnings-growth ratio of 0.19 and a beta of 0.63. SK Telecom Co., Ltd. has a 52-week low of $19.66 and a 52-week high of $47.18. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average price of $36.16 and a 200 day moving average price of $31.85.

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 analysts’ consensus estimates of $0.47 by $0.10. The company had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.98 billion. SK Telecom had a net margin of 2.03% and a return on equity of 2.78%. Research analysts predict that SK Telecom Co., Ltd. will post 2.76 EPS 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.