Zacks: Brokerages Set $15.60 Target Price for Spark New Zealand Ltd (SPKKY)
Spark New Zealand Ltd (NASDAQ:SPKKY) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1 year consensus price objective of $15.60 for the company, according to Zacks. Zacks has also given Spark New Zealand an industry rank of 12 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded Spark New Zealand from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
Spark New Zealand (NASDAQ SPKKY) opened at 13.94 on Friday. The stock has a 50 day moving average price of $14.14 and a 200-day moving average price of $13.31. The stock has a market cap of $25.55 billion and a PE ratio of 83.98. Spark New Zealand has a one year low of $11.65 and a one year high of $14.62.
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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