SK Telecom (NYSE:SKM) Announces Earnings Results

SK Telecom (NYSE:SKM) released its quarterly earnings results on Wednesday. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter, Zacks reports. SK Telecom had a return on equity of 9.03% and a net margin of 6.31%.

SK Telecom Stock Performance

SKM stock traded up $0.20 during mid-day trading on Thursday, reaching $21.71. 15,268 shares of the stock traded hands, compared to its average volume of 193,395. 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 has a 50-day moving average of $21.53 and a two-hundred day moving average of $22.53. The firm has a market capitalization of $8.55 billion, a PE ratio of 10.05, a P/E/G ratio of 1.92 and a beta of 0.80. SK Telecom has a 52 week low of $19.88 and a 52 week high of $24.58.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st.

SK Telecom Company Profile

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.