Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Down – What’s Next?

Singapore Telecommunications Ltd. (OTCMKTS:SGAPYGet Free Report)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $34.79, but opened at $33.40. Singapore Telecommunications shares last traded at $34.1880, with a volume of 630 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on SGAPY shares. Zacks Research raised shares of Singapore Telecommunications to a “hold” rating in a research report on Thursday, May 28th. Phillip Securities upgraded Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Get Our Latest Stock Analysis on Singapore Telecommunications

Singapore Telecommunications Stock Up 0.5%

The stock has a fifty day simple moving average of $34.66 and a two-hundred day simple moving average of $35.98. The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37.

About Singapore Telecommunications

(Get Free Report)

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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