Singapore Telecommunications (OTCMKTS:SGAPY) Stock Rating Upgraded by Phillip Securities

Singapore Telecommunications (OTCMKTS:SGAPY) was upgraded by equities researchers at Phillip Securities from a “moderate buy” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

Separately, Zacks Research raised Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy”.

Singapore Telecommunications Price Performance

OTCMKTS SGAPY opened at $34.66 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.04. Singapore Telecommunications has a twelve month low of $30.69 and a twelve month high of $41.20. The stock has a fifty day simple moving average of $34.07 and a 200 day simple moving average of $36.47.

About Singapore Telecommunications

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.