19,418 Shares in SK Telecom Co., Ltd. $SKM Acquired by Cetera Investment Advisers

Cetera Investment Advisers bought a new stake in SK Telecom Co., Ltd. (NYSE:SKM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,418 shares of the Wireless communications provider’s stock, valued at approximately $413,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in shares of SK Telecom by 55.0% in the first quarter. Parallel Advisors LLC now owns 2,490 shares of the Wireless communications provider’s stock valued at $53,000 after purchasing an additional 884 shares during the period. PDS Planning Inc bought a new position in shares of SK Telecom in the first quarter valued at approximately $240,000. Wealth Enhancement Advisory Services LLC raised its position in shares of SK Telecom by 46.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,587 shares of the Wireless communications provider’s stock valued at $265,000 after purchasing an additional 3,980 shares during the period. CHICAGO TRUST Co NA raised its position in shares of SK Telecom by 24.4% in the first quarter. CHICAGO TRUST Co NA now owns 13,033 shares of the Wireless communications provider’s stock valued at $277,000 after purchasing an additional 2,559 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of SK Telecom by 3.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 13,465 shares of the Wireless communications provider’s stock valued at $283,000 after purchasing an additional 472 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SKM shares. Citigroup lowered shares of SK Telecom from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 6th. Wall Street Zen lowered shares of SK Telecom from a “buy” rating to a “hold” rating in a research report on Thursday, May 22nd. The Goldman Sachs Group lowered shares of SK Telecom from a “neutral” rating to a “sell” rating in a research report on Monday, July 7th. JPMorgan Chase & Co. lowered shares of SK Telecom from an “overweight” rating to a “neutral” rating in a research report on Monday, May 12th. Finally, New Street Research raised shares of SK Telecom to a “hold” rating in a research report on Monday, May 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

SK Telecom Trading Down 0.8%

Shares of SK Telecom stock opened at $22.38 on Tuesday. The firm has a market capitalization of $8.81 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 9.18 and a beta of 0.63. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.88 and a quick ratio of 0.86. The company’s fifty day moving average price is $22.46 and its two-hundred day moving average price is $21.81. SK Telecom Co., Ltd. has a 52-week low of $19.84 and a 52-week high of $24.58.

SK Telecom (NYSE:SKM) last announced its quarterly earnings results on Wednesday, August 6th. The Wireless communications provider reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.20). SK Telecom had a net margin of 5.92% and a return on equity of 8.89%. The business had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.14 billion. On average, analysts expect that SK Telecom Co., Ltd. will post 2.27 EPS for the current 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.