Spark New Zealand (SPKKY) Raised to “Hold” at Zacks Investment Research
Spark New Zealand (OTCMKTS:SPKKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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 SPKKY opened at $13.01 on Wednesday. The firm has a market cap of $4.88 billion, a P/E ratio of 15.87, a PEG ratio of 3.28 and a beta of 0.84. Spark New Zealand has a 1-year low of $11.75 and a 1-year high of $13.70. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.82 and a current ratio of 0.91.
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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