Spark New Zealand Ltd (SPKKY) Downgraded by Zacks Investment Research to Sell

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Spark New Zealand Ltd (NASDAQ:SPKKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Friday.
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) opened at 12.99 on Friday. The firm has a market capitalization of $23.77 billion and a P/E ratio of 88.97. Spark New Zealand has a 52-week low of $9.38 and a 52-week high of $14.51. The firm has a 50-day moving average price of $13.64 and a 200-day moving average price of $12.78.

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The business also recently announced a dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 23rd will be paid a $0.0539 dividend. The ex-dividend date is Wednesday, September 21st.
About Spark New Zealand
Spark New Zealand Ltd provides digital services to individuals and businesses in New Zealand. The Company is made up of a number of business areas, Spark Home, Mobile & Business; Spark Digital, Spark Connect and Spark Ventures. Spark Home, Mobile & Business provides a full range of services and content, data and voice services across fiber and copper broadband, 3G & 4G mobile and nationwide Wi-Fi zones.

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