Singapore Telecommunications (OTCMKTS:SGAPY) Stock Rating Upgraded by Phillip Securities

Singapore Telecommunications (OTCMKTS:SGAPY) was upgraded by analysts at Phillip Securities from a “moderate buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Zacks Research upgraded shares of Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Singapore Telecommunications Trading Down 0.7%

SGAPY stock opened at $34.66 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.04 and a quick ratio of 1.00. Singapore Telecommunications has a twelve month low of $30.69 and a twelve month high of $41.20. The company’s 50 day moving average is $34.07 and its two-hundred day moving average is $36.47.

Singapore Telecommunications Company Profile

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.