Shares of Spark New Zealand Ltd (OTCMKTS:SPKKY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.78 and traded as high as $14.36. Spark New Zealand shares last traded at $14.36, with a volume of 786 shares changing hands.

Separately, Zacks Investment Research raised Spark New Zealand from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Saturday, August 24th.

The business has a fifty day simple moving average of $13.51 and a two-hundred day simple moving average of $12.78. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 0.97. The company has a market cap of $5.26 billion, a P/E ratio of 19.36, a P/E/G ratio of 9.76 and a beta of 0.54.

The company also recently announced a Semi-Annual dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, September 19th will be issued a $0.367 dividend. This is an increase from Spark New Zealand’s previous Semi-Annual dividend of $0.29. The ex-dividend date is Wednesday, September 18th. Spark New Zealand’s dividend payout ratio is currently 79.73%.

About Spark New Zealand (OTCMKTS:SPKKY)

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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