SK Telecom (NYSE:SKM) Announces Quarterly Earnings Results

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

SK Telecom Stock Down 0.4 %

Shares of NYSE SKM traded down $0.09 during trading hours on Wednesday, hitting $21.50. 11,821 shares of the stock were exchanged, compared to its average volume of 195,605. The company has a market cap of $8.47 billion, a PE ratio of 9.95, a PEG ratio of 1.92 and a beta of 0.80. SK Telecom has a 12 month low of $19.88 and a 12 month high of $24.58. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. The firm has a fifty day moving average price of $21.60 and a 200-day moving average price of $22.54.

Analyst Ratings Changes

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

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.