An update from Spark New Zealand Limited ( (AU:SPK) ) is now available.
Spark New Zealand has been placed on a negative outlook by S&P Global Ratings due to increased net debt, despite efforts to reduce it through improved earnings and asset sales. The recent sale of its stake in Connexa for $311 million will help reduce debt, and the company continues to engage with S&P regarding its financial strategies, with no immediate impact on funding costs expected.
More about Spark New Zealand Limited
Spark New Zealand is the largest telecommunications and digital services company in New Zealand, providing mobile, broadband, and digital services to millions of New Zealanders and thousands of businesses. The company’s mission is to help New Zealand thrive in a digital world.
YTD Price Performance: -23.42%
Average Trading Volume: 2,214,546
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$3.79B
See more data about SPK stock on TipRanks’ Stock Analysis page.