Singapore Telecommunications (OTCMKTS:SGAPY) Hits New 12-Month Low – Here’s Why

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) shares hit a new 52-week low on Thursday. The stock traded as low as $31.10 and last traded at $32.00, with a volume of 9,697 shares trading hands. The stock had previously closed at $32.30.

Analysts Set New Price Targets

Separately, Phillip Securities upgraded Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Singapore Telecommunications Stock Up 0.9%

The stock has a 50 day simple moving average of $34.18 and a two-hundred day simple moving average of $35.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.04.

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, pay television, digital services, and information and communications technology solutions for consumers, businesses, and government organizations.

Singtel serves customers in Singapore and Australia, where it operates through Optus, a major telecommunications provider. The group also maintains regional interests and partnerships in mobile and telecommunications businesses across Asia, including operations associated with Indonesia, India, Thailand, and the Philippines.