BNP Paribas Financial Markets Sells 19,767 Shares of SK Telecom Co., Ltd. $SKM

BNP Paribas Financial Markets reduced its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 599,020 shares of the Wireless communications provider’s stock after selling 19,767 shares during the period. BNP Paribas Financial Markets’ holdings in SK Telecom were worth $12,298,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in SK Telecom by 0.7% in the 3rd quarter. Rhumbline Advisers now owns 68,552 shares of the Wireless communications provider’s stock worth $1,481,000 after acquiring an additional 500 shares in the last quarter. Vise Technologies Inc. boosted its stake in shares of SK Telecom by 1.9% during the third quarter. Vise Technologies Inc. now owns 27,553 shares of the Wireless communications provider’s stock valued at $595,000 after purchasing an additional 525 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of SK Telecom by 10.8% during the second quarter. EverSource Wealth Advisors LLC now owns 5,732 shares of the Wireless communications provider’s stock valued at $134,000 after purchasing an additional 560 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of SK Telecom by 94.2% during the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 648 shares in the last quarter. Finally, TD Asset Management Inc boosted its stake in shares of SK Telecom by 5.8% during the third quarter. TD Asset Management Inc now owns 12,915 shares of the Wireless communications provider’s stock valued at $279,000 after purchasing an additional 709 shares in the last quarter.

Wall Street Analysts Forecast Growth

SKM has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. HSBC upgraded shares of SK Telecom from a “reduce” rating to a “hold” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of SK Telecom from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 26th. Bank of America downgraded shares of SK Telecom from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 18th. Finally, Citigroup downgraded shares of SK Telecom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Four analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

SK Telecom Trading Down 0.0%

NYSE SKM opened at $37.44 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 12-month low of $19.66 and a 12-month high of $47.18. The company has a fifty day simple moving average of $36.63 and a two-hundred day simple moving average of $28.97. The stock has a market cap of $14.37 billion, a P/E ratio of 62.40, a P/E/G ratio of 0.23 and a beta of 0.60.

SK Telecom (NYSE:SKM) last announced its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.47 by $0.10. SK Telecom had a net margin of 2.03% and a return on equity of 2.84%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.98 billion. On average, analysts forecast that SK Telecom Co., Ltd. will post 2.76 earnings per share for the current year.

SK Telecom 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.