Zacks: Spark New Zealand Ltd (SPKKY) Receives Average Rating of “Strong Buy” from Analysts
Shares of Spark New Zealand Ltd (NASDAQ:SPKKY) have earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
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 10 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised Spark New Zealand from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
Shares of Spark New Zealand (NASDAQ:SPKKY) traded down 0.35% during trading on Friday, reaching $14.36. 11,861 shares of the company traded hands. The company has a market capitalization of $26.29 billion and a price-to-earnings ratio of 90.89. Spark New Zealand has a 1-year low of $11.65 and a 1-year high of $14.62. The stock’s 50 day moving average is $13.94 and its 200 day moving average is $13.01.
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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