Zacks Investment Research Upgrades Spark New Zealand Ltd (SPKKY) to “Hold”

Spark New Zealand Ltd (NASDAQ:SPKKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

According to Zacks, “Spark New Zealand Limited provides digital services. The company operates through five segments: Retail, Wholesale & International, Gen-i, AAPT, and Technology & Shared Services. It provides fixed line, mobile, and Internet services, voice, interconnect, managed data, and international products and services and telecommunication services. The Company integrates IT and telecommunications services to provide converged information and communication technologies solutions. Spark New Zealand Limited, formerly known as Telecom Corporation of New Zealand Limited, is headquartered in Auckland, New Zealand. “

Spark New Zealand (SPKKY) opened at 14.11 on Friday. The stock has a 50 day moving average of $14.18 and a 200-day moving average of $13.26. The firm has a market capitalization of $25.86 billion and a PE ratio of 85.00. Spark New Zealand has a one year low of $11.65 and a one year high of $14.62.

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Spark New Zealand Company Profile

Spark New Zealand Limited is a supplier of telecommunications and digital services in New Zealand. The Company operates through three segments: Spark Home, Mobile & Business; Spark Digital, and Spark Connect. The Spark Home, Mobile & Business segment provides fixed line, mobile and Internet services to consumers and the small medium business market, and includes Spark Ventures.

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