Spark New Zealand Ltd (NASDAQ:SPKKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday.

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 13.98 on Friday. The company has a 50-day moving average of $14.19 and a 200 day moving average of $13.25. Spark New Zealand has a 12-month low of $11.65 and a 12-month high of $14.62. The stock has a market capitalization of $25.62 billion and a price-to-earnings ratio of 84.22.

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About Spark New Zealand

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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