Shares of SK Telecom Co., Ltd. (NYSE:SKM – Get Free Report) reached a new 52-week high on Monday . The stock traded as high as $24.45 and last traded at $24.40, with a volume of 13517 shares traded. The stock had previously closed at $24.31.
Analyst Ratings Changes
Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th.
Get Our Latest Stock Report on SKM
SK Telecom Stock Performance
SK Telecom (NYSE:SKM – Get Free Report) last released its earnings results on Tuesday, August 6th. The Wireless communications provider reported $0.63 earnings per share (EPS) for the quarter. SK Telecom had a return on equity of 8.94% and a net margin of 6.52%. The business had revenue of $3.22 billion for the quarter. On average, analysts expect that SK Telecom Co., Ltd. will post 2.29 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. acquired a new stake in SK Telecom in the fourth quarter valued at $25,000. EverSource Wealth Advisors LLC grew its holdings in SK Telecom by 1,558.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,310 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 1,231 shares during the last quarter. Advisors Preferred LLC acquired a new stake in SK Telecom in the first quarter valued at $112,000. Ariadne Wealth Management LP acquired a new stake in SK Telecom in the second quarter valued at $127,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in SK Telecom in the first quarter valued at $216,000.
About SK Telecom
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.
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