Boston Common Asset Management LLC Acquires 164,472 Shares of SK Telecom Co., Ltd. $SKM

Boston Common Asset Management LLC boosted its holdings in SK Telecom Co., Ltd. (NYSE:SKM) by 83.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 362,424 shares of the Wireless communications provider’s stock after acquiring an additional 164,472 shares during the quarter. Boston Common Asset Management LLC’s holdings in SK Telecom were worth $7,441,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SKM. Royal Bank of Canada boosted its stake in SK Telecom by 8.2% in 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 in the last quarter. Cubist Systematic Strategies LLC purchased a new position in SK Telecom in the 1st quarter worth $85,000. Millennium Management LLC lifted its stake in SK Telecom by 160.7% in the first 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 last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SK Telecom by 46.9% in the first quarter. Goldman Sachs Group Inc. now owns 260,140 shares of the Wireless communications provider’s stock worth $5,531,000 after buying an additional 83,030 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in SK Telecom by 236.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 383,123 shares of the Wireless communications provider’s stock valued at $8,946,000 after acquiring an additional 269,135 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Bank of America lowered SK Telecom from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 18th. Zacks Research upgraded shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Weiss Ratings raised SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 12th. Wall Street Zen upgraded SK Telecom from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Citigroup lowered shares of SK Telecom from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold”.

SK Telecom Price Performance

Shares of NYSE:SKM opened at $28.62 on Tuesday. The company has a market capitalization of $10.98 billion, a PE ratio of 42.08, a PEG ratio of 4.19 and a beta of 0.48. The business has a fifty day moving average price of $29.15 and a 200-day moving average price of $23.69. SK Telecom Co., Ltd. has a 1-year low of $19.66 and a 1-year high of $33.71. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.00.

SK Telecom (NYSE:SKM) last released its quarterly earnings data on Thursday, February 5th. The Wireless communications provider reported $10.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $10.57. SK Telecom had a net margin of 2.28% and a return on equity of 3.21%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $3.02 billion. As a group, equities analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS 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.