Shares of SK Telecom Co. (NYSE:SKM) saw an uptick in trading volume on Friday . 828,360 shares changed hands during trading, an increase of 70% from the previous session’s volume of 487,241 shares.The stock last traded at $21.81 and had previously closed at $21.72.

Separately, HSBC lowered SK Telecom from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th.

The stock has a market capitalization of $13.87 billion and a PE ratio of 9.99. The stock has a 50 day moving average of $20.53 and a 200 day moving average of $19.93.

Several large investors recently bought and sold shares of SKM. Advisors Asset Management Inc. raised its stake in SK Telecom by 11.2% in the fourth quarter. Advisors Asset Management Inc. now owns 66,669 shares of the company’s stock valued at $1,343,000 after buying an additional 6,688 shares during the period. Wells Fargo & Company MN raised its stake in SK Telecom by 26.4% in the fourth quarter. Wells Fargo & Company MN now owns 412,499 shares of the company’s stock valued at $8,311,000 after buying an additional 86,109 shares during the period. Silchester International Investors LLP raised its stake in SK Telecom by 3.5% in the fourth quarter. Silchester International Investors LLP now owns 13,071,976 shares of the company’s stock valued at $263,400,000 after buying an additional 447,600 shares during the period. Morgan Stanley raised its stake in SK Telecom by 117.8% in the fourth quarter. Morgan Stanley now owns 455,543 shares of the company’s stock valued at $9,180,000 after buying an additional 246,346 shares during the period. Finally, Baillie Gifford & Co. raised its stake in SK Telecom by 312.8% in the fourth quarter. Baillie Gifford & Co. now owns 156,374 shares of the company’s stock valued at $3,151,000 after buying an additional 118,494 shares during the period.

SK Telecom Co, Ltd. is a wireless telecommunications service provider. The Company offers the following core services: Cellular voice services; Wireless data services; Broadband Internet, Internet Protocol television (IPTV) and fixed-line telephone services, and New businesses. The Company provides wireless voice transmission and wireless global roaming services.

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