Generali Investments CEE investicni spolecnost a.s. Purchases New Position in SK Telecom Co., Ltd. (NYSE:SKM)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of SK Telecom Co., Ltd. (NYSE:SKM) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,296 shares of the Wireless communications provider’s stock, valued at approximately $238,000.

A number of other hedge funds also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of SK Telecom during the 3rd quarter worth approximately $205,000. Assetmark Inc. grew its holdings in shares of SK Telecom by 57.6% during the 3rd quarter. Assetmark Inc. now owns 2,949 shares of the Wireless communications provider’s stock worth $70,000 after acquiring an additional 1,078 shares during the period. Meritage Portfolio Management grew its holdings in shares of SK Telecom by 45.6% during the 3rd quarter. Meritage Portfolio Management now owns 178,392 shares of the Wireless communications provider’s stock worth $4,240,000 after acquiring an additional 55,877 shares during the period. D Orazio & Associates Inc. purchased a new position in shares of SK Telecom during the 3rd quarter worth approximately $200,000. Finally, OneDigital Investment Advisors LLC grew its holdings in shares of SK Telecom by 33.3% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,292 shares of the Wireless communications provider’s stock worth $316,000 after acquiring an additional 3,324 shares during the period.

Analysts Set New Price Targets

SKM has been the topic of a number of research analyst reports. StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 1st. The Goldman Sachs Group downgraded SK Telecom from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, UBS Group initiated coverage on SK Telecom in a research note on Wednesday, February 19th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

SK Telecom Stock Performance

SK Telecom stock opened at $21.44 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $8.44 billion, a P/E ratio of 8.75, a PEG ratio of 1.27 and a beta of 0.77. The stock’s 50 day moving average is $21.60 and its 200 day moving average is $22.50. SK Telecom Co., Ltd. has a twelve month low of $19.88 and a twelve month high of $24.58.

SK Telecom (NYSE:SKM) last posted its quarterly earnings results on Wednesday, February 12th. The Wireless communications provider reported $0.63 earnings per share for the quarter. SK Telecom had a return on equity of 10.39% and a net margin of 7.26%. On average, equities research analysts predict that SK Telecom Co., Ltd. will post 2.27 earnings per share for the current fiscal year.

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.