Sk Telecom ( (SKM) ) just unveiled an update.
On April 24, 2025, SK Telecom’s board approved the disposal of its shares in Kakao Corp., amounting to 10,818,510 shares valued at 413.27 billion Won. This move aims to secure financial resources for future growth investments and improve the company’s financial structure, with the transaction scheduled for April 25, 2025. The disposal will result in SK Telecom holding no shares in Kakao, reflecting a strategic shift to bolster its financial standing.
Spark’s Take on SKM Stock
According to Spark, TipRanks’ AI Analyst, SKM is a Outperform.
SK Telecom’s overall stock score is bolstered by robust financial performance and strong technical indicators, suggesting potential for growth. Valuation metrics depict an attractive investment opportunity with a high dividend yield. The positive earnings call underscores strategic growth in AI, although cautious dividend strategies reflect a conservative approach amidst market uncertainties.
To see Spark’s full report on SKM stock, click here.
More about Sk Telecom
SK Telecom Co., Ltd. is a leading telecommunications company based in Seoul, South Korea. It primarily offers mobile telecommunications services and is a significant player in the Korean market.
YTD Price Performance: 7.27%
Average Trading Volume: 338,883
Technical Sentiment Signal: Sell
Current Market Cap: $8.53B
See more data about SKM stock on TipRanks’ Stock Analysis page.