Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Up – Here’s Why

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.

Analyst Ratings Changes

Separately, Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Singapore Telecommunications Trading Up 0.9%

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 stock’s 50 day moving average is $34.61 and its 200 day moving average is $35.74.

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.