SK Telecom (NYSE:SKM) Releases Quarterly Earnings Results

SK Telecom (NYSE:SKM) posted 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 net margin of 6.31% and a return on equity of 9.03%.

SK Telecom Stock Up 0.4 %

SKM opened at $21.90 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.88 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 business’s 50-day moving average price is $21.51 and its 200-day moving average price is $22.53. The company has a market cap of $8.62 billion, a P/E ratio of 10.14, a P/E/G ratio of 1.92 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded SK Telecom from a “buy” rating to a “strong-buy” rating in a report 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.