Wealth High Governance Capital Ltda Buys Shares of 264,247 SK Telecom Co., Ltd. $SKM

Wealth High Governance Capital Ltda purchased a new position in SK Telecom Co., Ltd. (NYSE:SKM) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 264,247 shares of the Wireless communications provider’s stock, valued at approximately $7,740,000. SK Telecom comprises approximately 2.3% of Wealth High Governance Capital Ltda’s investment portfolio, making the stock its 20th biggest position.

A number of other large investors have also made changes to their positions in the business. Kestra Advisory Services LLC purchased a new stake in shares of SK Telecom during the 4th quarter valued at $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in SK Telecom during the 4th quarter worth $30,000. Wexford Capital LP purchased a new position in SK Telecom during the 3rd quarter worth $39,000. Matthews International Capital Management LLC increased its position in 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 buying an additional 835 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in SK Telecom during the 1st quarter valued at about $85,000.

SK Telecom Stock Down 0.0%

SK Telecom stock opened at $31.62 on Monday. The business’s 50-day simple moving average is $35.04 and its two-hundred day simple moving average is $32.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market cap of $12.14 billion, a PE ratio of 52.71, a PEG ratio of 0.19 and a beta of 0.64. SK Telecom Co., Ltd. has a fifty-two week low of $19.66 and a fifty-two week high of $47.18.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.10. SK Telecom had a return on equity of 2.78% and a net margin of 2.03%.The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.98 billion. Equities analysts anticipate that SK Telecom Co., Ltd. will post 2.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded SK Telecom from a “neutral” rating to an “overweight” rating in a research note on Thursday, July 16th. Zacks Research raised shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 26th. Wall Street Zen upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings downgraded shares of SK Telecom from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Finally, HSBC upgraded shares of SK Telecom from a “reduce” rating to a “hold” rating in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

SK Telecom Company Profile

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.