PNC Financial Services Group Inc. Purchases 9,171 Shares of SK Telecom Co., Ltd. (NYSE:SKM)

PNC Financial Services Group Inc. raised its stake in shares of SK Telecom Co., Ltd. (NYSE:SKMFree Report) by 474.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,106 shares of the Wireless communications provider’s stock after acquiring an additional 9,171 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SK Telecom were worth $238,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of SK Telecom by 3,900.0% in the fourth quarter. CWM LLC now owns 1,160 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 1,131 shares during the last quarter. Assetmark Inc. acquired a new position in shares of SK Telecom during the 4th quarter worth about $25,000. EverSource Wealth Advisors LLC lifted its holdings in shares of SK Telecom by 1,558.2% during the 4th 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 in the last quarter. GAMMA Investing LLC bought a new position in shares of SK Telecom during the 4th quarter valued at about $29,000. Finally, Tower Research Capital LLC TRC lifted its stake in SK Telecom by 116.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,342 shares of the Wireless communications provider’s stock valued at $72,000 after acquiring an additional 1,798 shares in the last quarter.

Analyst Ratings Changes

SKM has been the topic of a number of analyst reports. StockNews.com cut SK Telecom from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 25th. Nomura raised SK Telecom from a “reduce” rating to a “neutral” rating in a report on Wednesday, May 8th. Finally, Nomura Securities raised SK Telecom from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 8th.

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SK Telecom Stock Down 0.6 %

Shares of NYSE SKM opened at $20.81 on Tuesday. The company has a quick ratio of 0.95, a current ratio of 0.98 and a debt-to-equity ratio of 0.60. The stock’s fifty day moving average price is $20.97 and its two-hundred day moving average price is $21.17. SK Telecom Co., Ltd. has a one year low of $18.52 and a one year high of $22.71.

SK Telecom (NYSE:SKMGet Free Report) last released its earnings results on Wednesday, May 8th. The Wireless communications provider reported $0.68 earnings per share (EPS) for the quarter. The company had revenue of $3.36 billion for the quarter. SK Telecom had a return on equity of 8.97% and a net margin of 6.53%. On average, sell-side analysts anticipate that SK Telecom Co., Ltd. will post 2.13 earnings per share for the current year.

SK Telecom Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SK Telecom (NYSE:SKM)

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