SK Telecom (SKM) Reaches New 52-Week High and Low at $22.74

SK Telecom (NYSE:SKM)’s share price reached a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $22.74 and last traded at $22.95, with a volume of 17218 shares trading hands. The stock had previously closed at $22.79.

Several research firms have recently issued reports on SKM. ValuEngine raised shares of SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, February 13th. Zacks Investment Research downgraded shares of SK Telecom from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Macquarie downgraded shares of SK Telecom from an “outperform” rating to a “neutral” rating in a research note on Friday, February 23rd. Finally, CLSA downgraded shares of SK Telecom from an “outperform” rating to an “underperform” rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $30.00.

The company has a current ratio of 0.87, a quick ratio of 0.83 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $14.64 billion, a price-to-earnings ratio of 6.29 and a beta of 0.46.

SK Telecom (NYSE:SKM) last posted its quarterly earnings data on Wednesday, February 21st. The Wireless communications provider reported $2.00 earnings per share for the quarter. SK Telecom had a net margin of 16.16% and a return on equity of 20.30%. The company had revenue of $7.35 billion during the quarter.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Silchester International Investors LLP increased its position in shares of SK Telecom by 6.5% during the first quarter. Silchester International Investors LLP now owns 15,508,778 shares of the Wireless communications provider’s stock worth $374,847,000 after buying an additional 953,228 shares during the period. Macquarie Group Ltd. increased its position in shares of SK Telecom by 4.8% during the fourth quarter. Macquarie Group Ltd. now owns 9,152,941 shares of the Wireless communications provider’s stock worth $255,449,000 after buying an additional 419,194 shares during the period. Oldfield Partners LLP increased its position in shares of SK Telecom by 2.1% during the fourth quarter. Oldfield Partners LLP now owns 2,792,924 shares of the Wireless communications provider’s stock worth $77,950,000 after buying an additional 57,250 shares during the period. BlackRock Inc. increased its position in shares of SK Telecom by 7.5% during the fourth quarter. BlackRock Inc. now owns 2,160,092 shares of the Wireless communications provider’s stock worth $60,289,000 after buying an additional 150,003 shares during the period. Finally, Northern Trust Corp increased its position in shares of SK Telecom by 5.8% during the first quarter. Northern Trust Corp now owns 1,361,094 shares of the Wireless communications provider’s stock worth $32,897,000 after buying an additional 74,247 shares during the period. Institutional investors own 11.26% of the company’s stock.

About SK Telecom

SK Telecom Co, Ltd. provides wireless telecommunications services in South Korea. It offers wireless voice transmission services; cellular global roaming services; and interconnection services to connect its networks to fixed-line and other wireless networks. The company also provides wireless data communication services that allow subscribers to text, graphic, audio, and video messages; and wireless Internet services.

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