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

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $33.43, but opened at $34.49. Singapore Telecommunications shares last traded at $32.50, with a volume of 5,730 shares changing hands.

Analysts Set New Price Targets

SGAPY has been the subject of several recent research reports. Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. Zacks Research raised Singapore Telecommunications to a “hold” rating in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Singapore Telecommunications Price Performance

The company has a current ratio of 1.04, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average is $34.64 and its 200-day moving average is $35.80.

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.