Shares of SK Telecom Co. (NYSE:SKM) were up 2.8% on Thursday . The company traded as high as $22.01 and last traded at $22.00, with a volume of 269,860 shares. The stock had previously closed at $21.40.

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

The company has a 50-day moving average price of $20.63 and a 200 day moving average price of $19.96. The stock has a market cap of $14.01 billion and a PE ratio of 9.86.

Other large investors have recently modified their holdings of the company. Advisors Asset Management Inc. increased its stake in shares of 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. Sei Investments Co. increased its stake in shares of SK Telecom by 119.2% in the fourth quarter. Sei Investments Co. now owns 72,021 shares of the company’s stock valued at $1,451,000 after buying an additional 39,162 shares during the period. Baillie Gifford & Co. increased its stake in shares of 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. TD Asset Management Inc. increased its stake in shares of SK Telecom by 0.3% in the fourth quarter. TD Asset Management Inc. now owns 277,600 shares of the company’s stock valued at $5,594,000 after buying an additional 800 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of 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.

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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