Spark New Zealand (SPKKY) Upgraded to “Hold” by Zacks Investment Research

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Spark New Zealand (OTCMKTS:SPKKY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, reports.

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. “

Separately, Goldman Sachs Group lowered shares of Spark New Zealand from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 29th.

SPKKY stock opened at $12.17 on Tuesday. Spark New Zealand has a 52-week low of $11.75 and a 52-week high of $14.83. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 14.84, a PEG ratio of 10.63 and a beta of 0.63.

Spark New Zealand Company Profile

Spark New Zealand Limited, together with its subsidiaries, provides telecommunications, and information and communications technology (ICT) products and services primarily in New Zealand. The company's Spark Home, Mobile & Business segment offers a range of services and content, data, and voice services across fiber, wireless, and copper broadband, mobile, online video entertainment, and nationwide Wi-Fi zones to consumer and small business customers.

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