Financial Gravity Companies Inc. bought a new stake in SK Telecom Co Ltd (NYSE:SKM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,232 shares of the Wireless communications provider’s stock, valued at approximately $107,000.
A number of other large investors have also recently bought and sold shares of SKM. Nordea Investment Management AB acquired a new position in SK Telecom in the 3rd quarter valued at about $82,046,000. FMR LLC acquired a new position in SK Telecom in the 3rd quarter valued at about $19,334,000. Sensato Investors LLC acquired a new position in SK Telecom in the 3rd quarter valued at about $12,305,000. Macquarie Group Ltd. boosted its holdings in SK Telecom by 4.2% in the 3rd quarter. Macquarie Group Ltd. now owns 9,637,496 shares of the Wireless communications provider’s stock valued at $268,693,000 after purchasing an additional 387,490 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in SK Telecom by 134.7% in the 3rd quarter. BlackRock Inc. now owns 526,716 shares of the Wireless communications provider’s stock valued at $14,685,000 after purchasing an additional 302,313 shares during the last quarter. Institutional investors own 10.80% of the company’s stock.
Shares of SKM stock opened at $25.65 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 0.31. SK Telecom Co Ltd has a one year low of $22.66 and a one year high of $28.56. The company has a market capitalization of $16.30 billion, a PE ratio of 7.01, a P/E/G ratio of 0.84 and a beta of 0.35.
Several equities analysts have weighed in on SKM shares. Zacks Investment Research lowered shares of SK Telecom from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Nomura upgraded shares of SK Telecom from a “neutral” rating to a “buy” rating in a report on Friday, December 7th. Finally, HSBC upgraded shares of SK Telecom from a “hold” rating to a “buy” rating in a report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. SK Telecom currently has a consensus rating of “Hold”.
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SK Telecom Company Profile
SK Telecom Co, Ltd. provides wireless telecommunication services in South Korea. The company operates in four segments: Cellular Services, Fixed-Line Telecommunication Services, E-Commerce Services, and Other Businesses. The Cellular Services segment offers wireless voice transmission and data transmission services; cellular global roaming services; interconnection services to connect its networks to fixed-line and other wireless networks; Internet of Things solutions; and platform services, as well as sells wireless devices, including smartphones and basic phones, tablets and other Internet access devices, and wearable devices.
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