Singapore Telecommunications (OTCMKTS:SGAPY) Shares Gap Down – Here’s What Happened

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $34.79, but opened at $33.40. Singapore Telecommunications shares last traded at $34.1880, with a volume of 630 shares.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Phillip Securities raised Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. Zacks Research raised Singapore Telecommunications to a “hold” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Singapore Telecommunications Price Performance

The business has a 50 day simple moving average of $34.66 and a 200-day simple moving average of $35.98. 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, 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.