Investors Buy Large Volume of Call Options on SK Telecom (NYSE:SKM)

SK Telecom Co., Ltd. (NYSE:SKM) saw unusually large options trading on Monday. Stock traders acquired 3,217 call options on the company. This is an increase of approximately 84% compared to the average volume of 1,748 call options.

SK Telecom Stock Performance

NYSE SKM opened at $29.21 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.00. The company has a market cap of $11.21 billion, a P/E ratio of 42.96, a P/E/G ratio of 4.23 and a beta of 0.49. The stock has a 50-day moving average of $25.82 and a two-hundred day moving average of $22.69. SK Telecom has a 1-year low of $19.66 and a 1-year high of $33.71.

SK Telecom (NYSE:SKM) last issued its quarterly earnings results on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $2.83 billion for the quarter. SK Telecom had a return on equity of 3.21% and a net margin of 2.28%. As a group, analysts anticipate that SK Telecom will post 2.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on SKM. Bank of America lowered SK Telecom from a “neutral” rating to an “underperform” rating in a report on Wednesday, February 18th. Daiwa Securities Group cut shares of SK Telecom to a “hold” rating in a research report on Wednesday, January 14th. Citigroup downgraded shares of SK Telecom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Zacks Research raised shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of SK Telecom in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Trading of SK Telecom

Large investors have recently modified their holdings of the stock. West Family Investments Inc. acquired a new stake in SK Telecom in the 2nd quarter valued at about $416,000. North of South Capital LLP purchased a new stake in shares of SK Telecom during the third quarter worth approximately $1,133,000. Atria Investments Inc purchased a new stake in shares of SK Telecom during the second quarter worth approximately $504,000. Quadrant Capital Group LLC raised its holdings in SK Telecom by 1,406.1% in the second quarter. Quadrant Capital Group LLC now owns 108,303 shares of the Wireless communications provider’s stock valued at $2,529,000 after acquiring an additional 101,112 shares in the last quarter. Finally, Vise Technologies Inc. purchased a new position in SK Telecom in the second quarter worth approximately $631,000.

About SK Telecom

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.