Zacks: Spark New Zealand Ltd (SPKKY) Given $15.60 Average Target Price by Brokerages
Spark New Zealand Ltd (NASDAQ:SPKKY) has earned a consensus 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 rating.
Brokerages 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 15 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Spark New Zealand from a “sell” rating to a “strong-buy” rating and set a $16.00 target price on the stock in a research report on Wednesday, July 5th.
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Shares of Spark New Zealand (SPKKY) traded down 0.81% on Friday, hitting $12.79. The stock had a trading volume of 2,310 shares. Spark New Zealand has a 12 month low of $11.65 and a 12 month high of $14.62. The company has a 50 day moving average price of $13.79 and a 200-day moving average price of $13.40. The stock has a market cap of $23.44 billion and a PE ratio of 77.52.
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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