Zacks Investment Research upgraded shares of Spark New Zealand Ltd (NASDAQ:SPKKY) from a sell rating to a hold rating in a research note released on Thursday.

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 (NASDAQ:SPKKY) traded up 2.27% during trading on Thursday, reaching $13.08. The company’s stock had a trading volume of 6,026 shares. The stock’s 50-day moving average is $13.56 and its 200 day moving average is $12.81. The firm has a market capitalization of $23.93 billion and a price-to-earnings ratio of 88.38. Spark New Zealand has a 52-week low of $9.50 and a 52-week high of $14.51.

The firm also recently disclosed a dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 23rd will be paid a $0.0539 dividend. The ex-dividend date of this dividend is Wednesday, September 21st.

Spark New Zealand Company Profile

Spark New Zealand Ltd provides digital services to individuals and businesses in New Zealand. The Company is made up of a number of business areas, Spark Home, Mobile & Business; Spark Digital, Spark Connect and Spark Ventures. Spark Home, Mobile & Business provides a full range of services and content, data and voice services across fiber and copper broadband, 3G & 4G mobile and nationwide Wi-Fi zones.

5 Day Chart for NASDAQ:SPKKY

Receive News & Stock Ratings for Spark New Zealand Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark New Zealand Ltd and related stocks with our FREE daily email newsletter.