Boston Common Asset Management LLC Purchases 164,472 Shares of SK Telecom Co., Ltd. $SKM

Boston Common Asset Management LLC grew its stake in SK Telecom Co., Ltd. (NYSE:SKM) by 83.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 362,424 shares of the Wireless communications provider’s stock after purchasing an additional 164,472 shares during the quarter. Boston Common Asset Management LLC’s holdings in SK Telecom were worth $7,441,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in SK Telecom by 94.2% in the third quarter. Jones Financial Companies Lllp now owns 1,336 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 648 shares during the last quarter. Allworth Financial LP raised its holdings in shares of SK Telecom by 138.2% during the 3rd quarter. Allworth Financial LP now owns 1,701 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 987 shares in the last quarter. HM Payson & Co. boosted its stake in SK Telecom by 38.9% in the third quarter. HM Payson & Co. now owns 1,822 shares of the Wireless communications provider’s stock valued at $39,000 after buying an additional 510 shares in the last quarter. Wexford Capital LP bought a new position in SK Telecom in the third quarter valued at about $39,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of SK Telecom by 72.2% in the third quarter. Farther Finance Advisors LLC now owns 2,883 shares of the Wireless communications provider’s stock worth $62,000 after acquiring an additional 1,209 shares during the last quarter.

SK Telecom Price Performance

Shares of NYSE:SKM opened at $28.62 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $29.15 and its two-hundred day simple moving average is $23.69. SK Telecom Co., Ltd. has a 1-year low of $19.66 and a 1-year high of $33.71. The stock has a market cap of $10.98 billion, a PE ratio of 42.08, a price-to-earnings-growth ratio of 4.19 and a beta of 0.48.

SK Telecom (NYSE:SKM) last announced its earnings results on Thursday, February 5th. The Wireless communications provider reported $10.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $10.57. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $3.02 billion. SK Telecom had a return on equity of 3.21% and a net margin of 2.28%. As a group, analysts forecast that SK Telecom Co., Ltd. will post 2.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SKM shares. Zacks Research upgraded shares of SK Telecom from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 28th. Citigroup cut shares of SK Telecom from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Weiss Ratings upgraded SK Telecom from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, March 12th. Wall Street Zen raised SK Telecom from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Bank of America lowered shares of SK Telecom from a “neutral” rating to an “underperform” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold”.

SK Telecom Company Profile

SK Telecom Co, Ltd. (NYSE:SKM) is South Korea’s largest wireless carrier, offering a comprehensive range of mobile telecommunications services. The company operates 5G, 4G LTE and IoT networks, providing voice, data and messaging solutions to consumers and businesses. Beyond traditional wireless services, SK Telecom delivers fixed-line broadband, digital content platforms, cloud computing and cybersecurity offerings designed to support enterprise digital transformation and the growing demand for high-speed connectivity.

Established in 1984 as Korea Mobile Telecommunications Services, SK Telecom pioneered cellular service commercialization in South Korea and has continually expanded into new technology areas.