Singapore Telecommunications (OTCMKTS:SGAPY) Upgraded to Strong-Buy at Phillip Securities

Phillip Securities upgraded shares of Singapore Telecommunications (OTCMKTS:SGAPY) from a moderate buy rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

Separately, Zacks Research upgraded Singapore Telecommunications to a “hold” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Singapore Telecommunications Price Performance

Shares of Singapore Telecommunications stock opened at $34.66 on Monday. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $34.07 and its 200 day moving average is $36.47. Singapore Telecommunications has a one year low of $30.69 and a one year high of $41.20.

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.