SK Telecom (NYSE:SKM) Now Covered by UBS Group

UBS Group started coverage on shares of SK Telecom (NYSE:SKM) in a report issued on Wednesday morning, MarketBeat Ratings reports. The firm issued a buy rating on the Wireless communications provider’s stock.

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

SK Telecom Stock Down 1.5 %

NYSE:SKM opened at $22.71 on Wednesday. SK Telecom has a fifty-two week low of $19.88 and a fifty-two week high of $24.58. The stock has a market capitalization of $8.94 billion, a P/E ratio of 9.27, a P/E/G ratio of 1.23 and a beta of 0.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91. The company’s 50-day simple moving average is $21.52 and its 200-day simple moving average is $22.53.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a net margin of 7.26% and a return on equity of 10.39%. On average, equities analysts anticipate that SK Telecom will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of SK Telecom

A number of institutional investors have recently bought and sold shares of SKM. Sequoia Financial Advisors LLC boosted its stake in SK Telecom by 13.6% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 17,492 shares of the Wireless communications provider’s stock worth $416,000 after purchasing an additional 2,093 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in SK Telecom by 5.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 58,664 shares of the Wireless communications provider’s stock worth $1,394,000 after purchasing an additional 2,797 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in SK Telecom in the 3rd quarter worth approximately $205,000. First Trust Direct Indexing L.P. boosted its stake in SK Telecom by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 16,497 shares of the Wireless communications provider’s stock worth $392,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in SK Telecom by 4.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,355,009 shares of the Wireless communications provider’s stock worth $55,979,000 after buying an additional 98,323 shares during the last quarter.

About SK Telecom

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.