Shares of Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) saw an uptick in trading volume on Wednesday . 163,419 shares changed hands during trading, an increase of 118% from the previous session’s volume of 74,917 shares.The stock last traded at $33.2890 and had previously closed at $33.75.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.
Read Our Latest Report on SGAPY
Singapore Telecommunications Stock Down 1.3%
Singapore Telecommunications Company Profile
Singapore Telecommunications Limited (OTCMKTS: SGAPY), commonly known as Singtel, is a Singapore-based telecommunications and information communications technology (ICT) group. The company’s core consumer services include mobile and fixed-line telephony, broadband internet, and pay-TV and content distribution. Singtel also provides a range of enterprise solutions such as managed services, cloud and data center offerings, cybersecurity, Internet of Things (IoT) connectivity and systems integration for corporate and public-sector customers.
Beyond its domestic market, Singtel operates as a regional hub through subsidiaries and strategic investments.
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