SK Telecom (NYSE:SKM) Posts Quarterly Earnings Results

SK Telecom (NYSE:SKM) released its earnings results on Wednesday. The Wireless communications provider reported $0.63 earnings per share (EPS) 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 Up 0.9 %

Shares of SK Telecom stock traded up $0.20 on Thursday, hitting $21.71. 15,268 shares of the company traded hands, compared to its average volume of 193,395. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.48. SK Telecom has a 12-month low of $19.88 and a 12-month high of $24.58. The company has a 50-day moving average price of $21.53 and a 200 day moving average price of $22.53. The company has a market cap of $8.55 billion, a PE ratio of 10.05, a PEG ratio of 1.92 and a beta of 0.80.

Wall Street Analyst Weigh In

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

SK Telecom Company Profile

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.