Spark New Zealand Ltd (SPKKY) Receives Consensus Rating of “Strong Buy” from Brokerages
Shares of Spark New Zealand Ltd (NASDAQ:SPKKY) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Analysts have set a 1-year consensus target price of $15.60 for the company, according to Zacks. Zacks has also given Spark New Zealand an industry rank of 3 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised Spark New Zealand from a “sell” rating to a “strong-buy” rating and set a $16.00 price objective for the company in a report on Wednesday, July 5th.
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Spark New Zealand (NASDAQ:SPKKY) traded up 0.71% on Tuesday, reaching $14.15. The company had a trading volume of 22,993 shares. The company’s 50-day moving average is $14.18 and its 200-day moving average is $13.18. The company has a market capitalization of $25.93 billion and a PE ratio of 84.23. Spark New Zealand has a 52-week low of $11.65 and a 52-week high of $14.62.
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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