Spark New Zealand offers earnings, dividend security - Morningstar

Spark New Zealand

23/06/2022 24:25

** Analysts at Morningstar say telecom company Spark New
Zealand Ltd's  SPK.NZ  operating metrics continue to be
resilient 
    ** Morningstar (fair value est: NZ$4.50) says SPK stands out
"as a safe haven in the face of precarious economic conditions,
offering earnings and dividend security"
    ** Although competition has been intense in the New  
Zealand telecom market, brokerage believes Spark's scale
provides a competitive advantage - Morningstar
    ** Morningstar expects SPK to maintain its strong market
share on the back of its network, increasing focus on 
monetising data usage and provision of value-added services
    ** 2 of 6 analysts rate the stock "buy", 3 "hold" and 1
"sell"; median PT NZ$4.73 - Refinitiv data
    ** As of last close, company's shares up 5.1% this year

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com))