SK Telecom Co., Ltd. $SKM Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in SK Telecom Co., Ltd. (NYSE:SKM) by 5,390.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 33,821 shares of the Wireless communications provider’s stock after buying an additional 33,205 shares during the period. TD Waterhouse Canada Inc.’s holdings in SK Telecom were worth $1,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC acquired a new stake in shares of SK Telecom in the 4th quarter worth $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of SK Telecom during the fourth quarter worth about $30,000. Wexford Capital LP acquired a new position in shares of SK Telecom during the third quarter worth about $39,000. Cubist Systematic Strategies LLC purchased a new position in SK Telecom during the first quarter worth about $85,000. Finally, Matthews International Capital Management LLC raised its holdings in SK Telecom by 33.5% during the first quarter. Matthews International Capital Management LLC now owns 3,326 shares of the Wireless communications provider’s stock worth $97,000 after purchasing an additional 835 shares in the last quarter.

SK Telecom Stock Performance

Shares of SKM opened at $37.36 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.57. The stock has a market cap of $14.34 billion, a P/E ratio of 29.89 and a beta of 0.67. The company has a 50-day moving average of $35.12 and a two-hundred day moving average of $34.82. SK Telecom Co., Ltd. has a 12-month low of $19.66 and a 12-month high of $47.18.

SK Telecom (NYSE:SKM) last released its quarterly earnings results on Thursday, August 6th. The Wireless communications provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.59 by $0.22. SK Telecom had a net margin of 4.23% and a return on equity of 5.59%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.96 billion. As a group, research analysts predict that SK Telecom Co., Ltd. will post 2.21 EPS for the current fiscal year.

Analysts Set New Price Targets

SKM has been the topic of a number of analyst reports. Wall Street Zen raised SK Telecom from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Weiss Ratings raised SK Telecom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised SK Telecom from a “neutral” rating to an “overweight” rating in a report on Thursday, July 16th. Finally, Zacks Research downgraded SK Telecom from a “strong-buy” rating to a “strong sell” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average 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.