Singapore Telecommunications (OTCMKTS:SGAPY) Stock Passes Above 50-Day Moving Average of $17.48

Singapore Telecommunications Limited (OTCMKTS:SGAPY)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $17.48 and traded as high as $17.83. Singapore Telecommunications shares last traded at $17.59, with a volume of 58,522 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded Singapore Telecommunications from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 19th.

Singapore Telecommunications Price Performance

The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.99 and a current ratio of 1.03. The company has a 50 day moving average price of $17.49 and a 200 day moving average price of $18.21.

Singapore Telecommunications Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, November 20th will be paid a $0.3629 dividend. The ex-dividend date of this dividend is Friday, November 17th.

Singapore Telecommunications Company Profile

Singapore Telecommunications Limited, together with its subsidiaries, provides telecommunication services to consumers and small businesses in Singapore, Australia, the United States, and internationally. The company operates through Optus, Singapore Consumer, Group Enterprise, NCS, Trustwave, and Amobee segments.