Company chares are trading at $27.50 which is marginally higher than $25.20, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $23.83. The 50 day moving average was up $2.30 or +9.12% and the 200 day average went up by +15.42%. Trading was light with 168K shares changing hands on Tuesday. Volume was down 64.88% under the stocks average daily volume.
These firms have also modified their investment in SKM. As of quarter end Manning & Napier Advisors LLC had bought 438 shares growing its holdings by 0.5%. The value of the company’s investment in SK Telecom Co., Ltd. went from $2,223,000 to $2,278,000 increasing 2.5% since the last quarter. As of the end of the quarter Bb&t Corp had disposed of a total of 8 shares trimming its position 0.8%. The value of the investment in SKM increased from $25,000 to $26,000 a change of 4.0% for the reporting period.
Aperio Group, LLC bolstered its ownership by buying 57,053 shares an increase of 7.6%. Aperio Group, LLC controls 809,274 shares worth $20,774,000. The total value of its holdings increased 9.7%. As of quarter end Eqis Capital Management, Inc. had disposed of a total of 4,837 shares trimming its stake by 24.8%. The value of the investment in (SKM) decreased from $491,000 to $376,000 a change of $115,000 quarter to quarter.
On October 24 the stock rating was upgraded from “” to “Buy” in a statement from CLSA. On April 27 the company was downgraded to “Hold” from “Buy” by analysts at HSBC.
On November 2, 2015 the stock rating was changed to a “Neutral” according to a JP Morgan report which was a cut from the previous “Overweight” rating.
In the market the company is trading up by 1.07% since yesterday’s close of $27.21. The company also declared a dividend which was paid on Thursday the 20th of April 2017. The dividend was $0.245 per share for the quarter or $0.98 on an annualized basis. This dividend represents a yeild of $3.60 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 29th of December 2008.
SK Telecom Co., Ltd. currently has a P/E ratio of 11.79 and market capitalization is 17.49B. In the latest earnings report the EPS was $2.33 and is projected to be $2.27 for the current year with 636,118,000 shares now outstanding. Analysts expect next quarter’s EPS to be $4.36 with next year’s EPS anticipated to be $2.67.
SK Telecom Co., Ltd., launched on April 20, 1984, provides wireless telecommunications in Korea. The Company is involved in the commercial development and implementation of wireless and fixed-line technologies and services, as well as develop its platforms, including Internet of things (IoT) solutions, lifestyle enhancement and advanced media. The Company operates through three segments: cellular services, which include wireless voice and data transmission services, sales of wireless devices, IoT solutions platform services and lifestyle enhancement platform services; fixed-line telecommunication services, which include fixed-line telephone services, broadband Internet services, advanced media platform services (including Internet Protocol television (IPTV)) and business communications services, and other businesses, which include its commerce business, its hardware business and other operations..