Spark New Zealand is desirable for risk-averse investors- Morningstar

Spark New Zealand

04/11/2022 04:18

** Morningstar says Spark New Zealand Ltd  SPK.NZ  has
desirable attributes for risk-averse investors; maintains
NZ$4.70 per fair value estimate 
    ** SPK said for broadband base, co is on track to deliver
FY23 target of 30% of customers using wireless  urn:newsml:reuters.com:*:nASX5Rwn3S
    ** Morningstar sees FY23 EBITDAI at NZ$1,212 mln ($703.08
mln), up 5% on FY22 
    ** Brokerage sees 2% compound annual growth rate for EBITDAI
in next four years 
    ** Four of seven analysts rate the stock "buy", two "hold"
and one "sell"; their median PT is NZ$5.4 – Refinitiv data
    ** Shares of SPK rise as much as 1.9% to NZ$5.15, on track
for best day since Oct 25 
    ** SPK stock up 11.8% this year, as of last close
($1 = 1.7238 New Zealand dollars)
 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))