Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) was the target of 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. Based on an average daily volume of 57,526 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on SGAPY. Zacks Research raised Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, August 17th. 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 company presently has a consensus rating of “Buy”.
View Our Latest Analysis on Singapore Telecommunications
Singapore Telecommunications Stock Up 2.2%
About Singapore Telecommunications
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.
See Also
- Five stocks we like better than Singapore Telecommunications
- The Ultimate Cyber Shield: CrowdStrike Rises Past $235
- Palantir Just Told Wall Street Where AI Infrastructure Is Headed
- Homebuilders Are Down for the Year, Is Wall Street in Denial?
- Turning Trash to Cash: A $129M Bet on Waste
Receive News & Ratings for Singapore Telecommunications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Singapore Telecommunications and related companies with MarketBeat.com's FREE daily email newsletter.
