Singapore Telecommunications (OTCMKTS:SGAPY) Upgraded by Phillip Securities to Strong-Buy Rating

Singapore Telecommunications (OTCMKTS:SGAPY) was upgraded by equities research 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 Singapore Telecommunications to a “hold” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Singapore Telecommunications Trading Down 0.7%

Shares of SGAPY stock opened at $34.66 on Monday. The stock’s 50-day moving average price is $34.07 and its 200 day moving average price is $36.47. 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 has a 52-week low of $30.69 and a 52-week high of $41.20.

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.