Zacks: Spark New Zealand Ltd (SPKKY) Given Consensus Rating of “Strong Buy” by Brokerages
Shares of Spark New Zealand Ltd (NASDAQ:SPKKY) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus target price of $15.60 for the company, according to Zacks. Zacks has also assigned Spark New Zealand an industry rank of 109 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut shares of Spark New Zealand from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th.
Shares of Spark New Zealand (SPKKY) traded down 0.27% on Monday, reaching $12.79. 23,822 shares of the company’s stock traded hands. The firm’s 50-day moving average is $13.39 and its 200-day moving average is $13.48. Spark New Zealand has a 52-week low of $11.65 and a 52-week high of $14.62. The stock has a market cap of $23.44 billion and a price-to-earnings ratio of 77.52.
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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