SK Telecom Target of Unusually Large Options Trading (NYSE:SKM)

SK Telecom Co., Ltd. (NYSE:SKM) was the recipient of unusually large options trading on Monday. Traders acquired 15,883 call options on the company. This represents an increase of approximately 225% compared to the average volume of 4,882 call options.

Wall Street Analysts Forecast Growth

SKM has been the topic of several research reports. Wall Street Zen upgraded SK Telecom from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research upgraded SK Telecom from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings cut shares of SK Telecom from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Finally, HSBC upgraded shares of SK Telecom from a “reduce” rating to a “hold” rating in a report on Thursday, May 7th. Four investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

Hedge Funds Weigh In On SK Telecom

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of SK Telecom during the 4th quarter valued at about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of SK Telecom during the 4th quarter valued at $30,000. Allworth Financial LP lifted its holdings in SK Telecom by 138.2% in the third quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 987 shares during the period. Wexford Capital LP purchased a new position in SK Telecom in the third quarter worth about $39,000. Finally, Matthews International Capital Management LLC grew its stake in shares of SK Telecom by 50.4% during the 4th quarter. Matthews International Capital Management LLC now owns 2,491 shares of the Wireless communications provider’s stock valued at $51,000 after purchasing an additional 835 shares during the period.

SK Telecom Stock Up 0.4%

SKM stock traded up $0.11 during midday trading on Monday, hitting $31.91. The company’s stock had a trading volume of 898,015 shares, compared to its average volume of 2,110,067. The firm’s 50-day moving average is $37.25 and its 200-day moving average is $31.10. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.57. SK Telecom has a 12 month low of $19.66 and a 12 month high of $47.18. The company has a market cap of $12.25 billion, a PE ratio of 53.21, a P/E/G ratio of 0.20 and a beta of 0.63.

SK Telecom (NYSE:SKM) last posted its earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.10. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.98 billion. SK Telecom had a return on equity of 2.78% and a net margin of 2.03%. On average, equities research analysts forecast that SK Telecom will post 2.76 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.