Zacks: Spark New Zealand Ltd (SPKKY) Given Average Rating of “Strong Buy” by Brokerages
Shares of Spark New Zealand Ltd (NASDAQ:SPKKY) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $15.60 for the company, according to Zacks. Zacks has also assigned Spark New Zealand an industry rank of 25 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research downgraded Spark New Zealand from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th.
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Spark New Zealand (NASDAQ:SPKKY) traded up 0.93% during mid-day trading on Friday, reaching $14.11. The company had a trading volume of 27,504 shares. The firm’s 50 day moving average price is $14.19 and its 200-day moving average price is $13.25. Spark New Zealand has a 12 month low of $11.65 and a 12 month high of $14.62. The company has a market capitalization of $25.86 billion and a price-to-earnings ratio of 85.00.
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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