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

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) traded down 2.730% during midday trading on Thursday, hitting $12.825. The stock had a trading volume of 25,501 shares. Spark New Zealand has a 1-year low of $11.65 and a 1-year high of $14.62. The firm has a market capitalization of $23.51 billion and a PE ratio of 77.727. The company’s 50 day moving average price is $13.42 and its 200-day moving average price is $13.47.

ILLEGAL ACTIVITY NOTICE: This report was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and reposted in violation of US & international copyright & trademark law. The correct version of this report can be accessed at https://www.americanbankingnews.com/2017/10/22/spark-new-zealand-ltd-spkky-upgraded-to-hold-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Spark New Zealand (SPKKY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Spark New Zealand Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spark New Zealand Ltd and related companies with MarketBeat.com's FREE daily email newsletter.