Trading volume for SK Telecom Co., Ltd. was 517K on Friday. Overall, volume was up 8.36% over the stocks normal daily volume.
Here are a few other firms who have also updated their positions. As of the end of the quarter Marshall Wace Asia Ltd had acquired a total of 73,995 shares growing its holdings by 135.9%. The value of the investment in SKM increased from $1,361,000 to $3,340,000 a change of 145.4% since the last quarter. Legal & General Group Plc cut its investment by selling 6,100 shares a decrease of 1.5% from 03/31/2017 to 06/30/2017. Legal & General Group Plc currently owns 404,863 shares worth $10,338,000. The value of the position overall is down by 0.5%.
As of quarter end BNP Paribas Arbitrage, SA had bought 672 shares growing its stake by 0.6%. The value of the investment in (SKM) went from $2,661,000 to $2,730,000 a change of $69,000 quarter over quarter. Bank Of NEW York Mellon Corp divested its holdings by shedding 858 shares a decrease of 64.7% as of 06/30/2017. Bank Of NEW York Mellon Corp now holds 468 shares with a value of $12,000. The total value of its holdings decreased 63.6%.
On October 24 the stock rating was upgraded from “” to “Buy” by analysts at CLSA. On April 27 the company was changed to a “Hold” according to a HSBC report down from the previous “Buy” rating.
On November 2 the company was downgraded to “Neutral” from “Overweight” in a statement from JP Morgan.
The company is down by -1.62 percent from yesterday’s close. SK Telecom Co., Ltd. also recently declared a dividend for shareholders that was paid on Thursday April 20th, 2017. The dividend payment was $0.245 per share for the quarter or $0.98 annualized. The dividend yield was $3.53. The ex-dividend date was set for Monday the 29th of December 2008.
It is currently trading at $27.25 which is marginally over $25.71, the stock’s 50 day moving average and which is slightly above the 200 day moving average of $24.09. The 50 day moving average went up by +6.01% whereas the 200 day moving average was up $3.16 or +13.09%.
The company’s P/E ratio is 9.81 and the market cap is 17.57B.
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..