Singapore Telecommunications (SGAPY) Projected to Release Quarterly Earnings on Thursday

Singapore Telecommunications (OTCMKTS:SGAPY) will likely be issuing its results before the market opens on Thursday, November 12th. Analysts expect Singapore Telecommunications to announce earnings of $0.3559 per share and revenue of $2.93 billion for the quarter.

Singapore Telecommunications Stock Performance

Shares of OTCMKTS SGAPY opened at $32.11 on Tuesday. The firm has a 50 day moving average price of $33.44 and a 200 day moving average price of $35.64. 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 $30.58 and a 52-week high of $41.20.

Analyst Ratings Changes

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 research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Buy”.

Singapore Telecommunications Company Profile

Singapore Telecommunications Limited, or Singtel, is a communications technology group headquartered in Singapore. Its services include mobile and fixed-line telecommunications, broadband internet, television and enterprise information and communications technology solutions.

The company also provides businesses with services such as cloud computing, cybersecurity, managed connectivity and data centre solutions. Its operations extend beyond Singapore, including Australia through Optus, and it has investments in telecommunications operators across markets such as India, Indonesia, Thailand and the Philippines.

Singtel’s roots date to Singapore’s early telephone services in the late 19th century.