Spark New Zealand Ltd (NASDAQ:SPKKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and 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. “

Spark New Zealand (NASDAQ SPKKY) opened at 14.16 on Thursday. The stock has a market cap of $25.95 billion and a price-to-earnings ratio of 85.30. The company has a 50-day moving average price of $14.16 and a 200 day moving average price of $13.29. Spark New Zealand has a 52-week low of $11.65 and a 52-week high of $14.62.

ILLEGAL ACTIVITY NOTICE: This report was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2017/09/14/spark-new-zealand-ltd-spkky-downgraded-to-sell-at-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.

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.