Buyers gunning for new highs as results show growth

Potential Buy Entry Alert SPK

 

Time Frame : Daily/Weekly

Sector/Industry Group : Telecommunications Services

Key Stats : $6.48 Billion Market Cap, VWAP 3.553, ASX Ranking 72, 4 Week Av Turnover $3,254,640, PE 18.3, Div Yield 5.50%.

Company Overview : Spark New Zealand Limited (SPK, formerly Telecom Corporation of New Zealand Limited) is a NZ telecommunications service provider, offering a range of services and products to consumers and businesses. The Company has following business units: Spark Home, Mobile & Business; Spark Digital and Spark Connect.

Broker Consensus : None

 

SPK – Spark New Zealand Limited

SPK is in a solid trend higher as long term buyers continue to step in and support price. We are now on watch for an entry to take advantage of a potential push up into new highs. Recent results show good growth so we are now on watch for buyers to build the entry setup

 

Stock Code : SPK – Spark New Zealand Limited

Company Website : www.spark.co.nz

Current Price : 3.56

Status : On watch for a buy entry setup