Zacks Investment Research upgraded shares of Spark New Zealand (OTCMKTS:SPKKY) from a sell rating to a hold rating in a research report released on Thursday morning.
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 stock opened at $13.15 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.91 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $4.80 billion, a PE ratio of 16.04, a PEG ratio of 3.23 and a beta of 0.84. Spark New Zealand has a fifty-two week low of $11.75 and a fifty-two week high of $14.27.
Spark New Zealand Company Profile
Spark New Zealand Limited, together with its subsidiaries, provides telecommunications, and information and communications technology (ICT) products and services primarily in New Zealand. The company's Spark Home, Mobile & Business segment offers a range of services and content, data, and voice services across fiber, wireless, and copper broadband, mobile, online video entertainment, and nationwide Wi-Fi zones to consumer and small business customers.
Featured Story: What does relative strength index mean?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Spark New Zealand Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark New Zealand and related companies with MarketBeat.com's FREE daily email newsletter.