Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 5,112 shares, a growth of 90.1% from the August 15th total of 2,689 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 57,526 shares, the short-interest ratio is presently 0.1 days.
Singapore Telecommunications Stock Performance
Singapore Telecommunications stock opened at $35.12 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. Singapore Telecommunications has a 52 week low of $30.69 and a 52 week high of $41.20. The stock has a 50-day simple moving average of $34.63 and a 200 day simple moving average of $36.06.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. Phillip Securities upgraded shares of Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.
Singapore Telecommunications Company Profile
Singapore Telecommunications Limited, commonly known as Singtel, is a communications technology group headquartered in Singapore. The company provides mobile and fixed-line telecommunications, broadband, digital television, and related digital services to consumers and businesses. Through its enterprise operations, Singtel also offers information and communications technology services, including cloud computing, cybersecurity, managed connectivity, data-center solutions and digital infrastructure.
Singtel serves customers primarily in Singapore and Australia, where it operates through its Optus business.
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