Singapore Telecommunications Ltd. (OTCMKTS:SGAPY – Get Free Report) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 2,689 shares, a decrease of 89.5% from the July 30th total of 25,573 shares. Based on an average daily volume of 147,725 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.
Singapore Telecommunications Price Performance
OTCMKTS SGAPY opened at $35.35 on Wednesday. The stock’s 50 day moving average is $34.24 and its two-hundred day moving average is $36.40. Singapore Telecommunications has a 1-year low of $30.69 and a 1-year high of $41.20. The company has a quick ratio of 1.00, a current ratio of 1.04 and a debt-to-equity ratio of 0.37.
Wall Street Analyst Weigh In
SGAPY has been the subject of a number of research analyst reports. Zacks Research upgraded Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. Phillip Securities upgraded shares of 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 stock. According to data from MarketBeat, Singapore Telecommunications currently has an average rating of “Buy”.
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.
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