Todd Asset Management LLC Grows Position in SK Telecom Co., Ltd. $SKM

Todd Asset Management LLC increased its holdings in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 15.1% in the third quarter, Holdings Channel reports. The firm owned 188,528 shares of the Wireless communications provider’s stock after buying an additional 24,728 shares during the period. Todd Asset Management LLC’s holdings in SK Telecom were worth $4,072,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in SK Telecom by 8.2% during the first quarter. Royal Bank of Canada now owns 43,999 shares of the Wireless communications provider’s stock worth $936,000 after buying an additional 3,316 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of SK Telecom in the 1st quarter worth approximately $85,000. Millennium Management LLC boosted its position in shares of SK Telecom by 160.7% during the 1st quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock worth $4,823,000 after purchasing an additional 139,829 shares during the period. Goldman Sachs Group Inc. increased its holdings in SK Telecom by 46.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider’s stock valued at $5,531,000 after purchasing an additional 83,030 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in SK Telecom by 22.6% in the 2nd quarter. TD Asset Management Inc now owns 12,206 shares of the Wireless communications provider’s stock valued at $285,000 after purchasing an additional 2,251 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on SKM. Zacks Research upgraded SK Telecom from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 28th. Weiss Ratings reissued a “hold (c)” rating on shares of SK Telecom in a research note on Monday, December 29th. Wall Street Zen raised SK Telecom from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, Daiwa Securities Group cut shares of SK Telecom to a “hold” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SK Telecom currently has an average rating of “Hold”.

SK Telecom Trading Up 5.8%

SKM opened at $32.57 on Tuesday. The business has a fifty day moving average price of $23.37 and a 200 day moving average price of $22.02. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.03. SK Telecom Co., Ltd. has a 12 month low of $19.66 and a 12 month high of $33.45. The stock has a market capitalization of $12.50 billion, a price-to-earnings ratio of 47.89, a PEG ratio of 4.48 and a beta of 0.50.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Friday, December 12th. The Wireless communications provider reported ($0.29) earnings per share (EPS) for the quarter. SK Telecom had a net margin of 2.28% and a return on equity of 3.29%. The company had revenue of $2.83 billion during the quarter. Sell-side analysts expect that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

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.