UBS Group AG Has $8.76 Million Holdings in SK Telecom Co., Ltd. $SKM

UBS Group AG grew its stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) by 215.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 426,729 shares of the Wireless communications provider’s stock after acquiring an additional 291,418 shares during the period. UBS Group AG’s holdings in SK Telecom were worth $8,761,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SKM. Robeco Institutional Asset Management B.V. lifted its position in SK Telecom by 17.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 2,462,769 shares of the Wireless communications provider’s stock worth $50,561,000 after acquiring an additional 374,428 shares during the last quarter. Citadel Advisors LLC acquired a new stake in SK Telecom during the third quarter worth approximately $4,319,000. Creative Planning lifted its position in SK Telecom by 108.0% during the third quarter. Creative Planning now owns 347,750 shares of the Wireless communications provider’s stock worth $7,511,000 after acquiring an additional 180,581 shares during the last quarter. Boston Common Asset Management LLC lifted its position in SK Telecom by 83.1% during the fourth quarter. Boston Common Asset Management LLC now owns 362,424 shares of the Wireless communications provider’s stock worth $7,441,000 after acquiring an additional 164,472 shares during the last quarter. Finally, Millennium Management LLC lifted its position in SK Telecom by 160.7% during the first quarter. Millennium Management LLC now owns 226,848 shares of the Wireless communications provider’s stock worth $4,823,000 after acquiring an additional 139,829 shares during the last quarter.

Analyst Upgrades and Downgrades

SKM has been the subject of a number of analyst reports. Zacks Research downgraded shares of SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Monday, April 27th. Bank of America downgraded shares of SK Telecom from a “neutral” rating to an “underperform” rating in a research report on Wednesday, February 18th. Citigroup downgraded shares of SK Telecom from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Wall Street Zen upgraded shares of SK Telecom from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Finally, HSBC upgraded shares of SK Telecom from a “reduce” rating to a “hold” rating in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

SK Telecom Stock Up 0.0%

NYSE SKM opened at $38.27 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. SK Telecom Co., Ltd. has a 1-year low of $19.66 and a 1-year high of $40.49. The company has a 50 day moving average of $33.60 and a 200-day moving average of $26.97. The company has a market cap of $14.69 billion, a price-to-earnings ratio of 63.78, a PEG ratio of 0.23 and a beta of 0.61.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.10. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.98 billion. SK Telecom had a net margin of 2.03% and a return on equity of 2.84%. On average, equities research analysts expect that SK Telecom Co., Ltd. will post 2.79 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.