Spark New Zealand Ltd (SPKKY) Upgraded to Hold at Zacks Investment Research
Spark New Zealand Ltd (NASDAQ:SPKKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
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. “
Shares of Spark New Zealand (NASDAQ:SPKKY) opened at 12.51 on Wednesday. The firm’s 50-day moving average price is $13.06 and its 200 day moving average price is $12.88. Spark New Zealand has a one year low of $10.19 and a one year high of $14.51. The stock has a market cap of $22.89 billion and a P/E ratio of 86.28.
The business also recently declared a dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 23rd were given a dividend of $0.0539 per share. The ex-dividend date was Wednesday, September 21st.
About Spark New Zealand
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.
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