Spark New Zealand (SPKKY) Rating Increased to Hold at Zacks Investment Research

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.

The company also recently disclosed a Semi-Annual dividend, which will be paid on Monday, October 15th. Stockholders of record on Thursday, September 20th will be issued a $0.288 dividend. The ex-dividend date of this dividend is Wednesday, September 19th. Spark New Zealand’s dividend payout ratio (DPR) is 78.05%.

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.

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