Singapore Telecommunications (OTCMKTS:SGAPY) Hits New 1-Year Low – Time to Sell?

Singapore Telecommunications Ltd. (OTCMKTS:SGAPY) shares reached a new 52-week low on Wednesday. The company traded as low as $30.58 and last traded at $31.76, with a volume of 26,979 shares changing hands. The stock had previously closed at $32.10.

Analysts Set New Price Targets

Separately, Phillip Securities raised shares of Singapore Telecommunications from a “moderate buy” rating to a “strong-buy” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Singapore Telecommunications presently has an average rating of “Buy”.

Singapore Telecommunications Stock Performance

The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.04. The company’s 50 day moving average is $33.83 and its 200-day moving average is $35.73.

Singapore Telecommunications Company Profile

Singapore Telecommunications Limited, commonly known as Singtel, is a Singapore-based communications technology group providing telecommunications and digital services to consumers, businesses and governments. Its offerings include mobile and fixed-line communications, broadband connectivity, digital television, cloud services, cybersecurity, information and communications technology solutions, and data-center services.

Singtel operates primarily in Singapore and Australia, where it owns Optus, a major telecommunications provider.