SK Telecom (NYSE:SKM) Coverage Initiated by Analysts at UBS Group

UBS Group started coverage on shares of SK Telecom (NYSE:SKM) in a research note published on Wednesday, Marketbeat Ratings reports. The brokerage 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 research note on Saturday, February 1st.

SK Telecom Stock Up 2.8 %

Shares of SK Telecom stock opened at $22.42 on Wednesday. The company has a 50-day simple moving average of $21.49 and a two-hundred day simple moving average of $22.52. SK Telecom has a 52-week low of $19.88 and a 52-week high of $24.58. 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 stock has a market capitalization of $8.83 billion, a PE ratio of 9.15, a price-to-earnings-growth ratio of 1.20 and a beta of 0.80.

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

Institutional Investors Weigh In On SK Telecom

Institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. lifted its stake in SK Telecom by 24.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 2,938,528 shares of the Wireless communications provider’s stock worth $61,827,000 after purchasing an additional 583,519 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of SK Telecom by 9.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,595,390 shares of the Wireless communications provider’s stock worth $33,567,000 after purchasing an additional 133,742 shares during the last quarter. Citigroup Inc. increased its holdings in shares of SK Telecom by 0.3% in the third quarter. Citigroup Inc. now owns 811,850 shares of the Wireless communications provider’s stock worth $19,298,000 after purchasing an additional 2,737 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of SK Telecom in the fourth quarter worth about $10,712,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in SK Telecom by 41.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 289,356 shares of the Wireless communications provider’s stock valued at $6,088,000 after buying an additional 85,278 shares during the last quarter.

SK Telecom Company Profile

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.