SK Telecom (NYSE:SKM) Releases Earnings Results

SK Telecom (NYSE:SKM) issued its quarterly earnings results on Wednesday. The Wireless communications provider reported $0.63 EPS for the quarter, Zacks reports. SK Telecom had a return on equity of 9.03% and a net margin of 6.31%.

SK Telecom Price Performance

NYSE:SKM opened at $21.41 on Wednesday. The firm has a market capitalization of $8.43 billion, a price-to-earnings ratio of 10.19, a P/E/G ratio of 1.92 and a beta of 0.80. SK Telecom has a 52-week low of $19.88 and a 52-week high of $24.58. The stock has a fifty day moving average of $21.60 and a 200 day moving average of $22.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.88 and a current ratio of 0.91.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised SK Telecom from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 1st.

SK Telecom Company Profile

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.