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Forbar downgrades Spark to underperform

The telco’s share price has fallen by about 40% this year.

NBR Staff Wed, 25 Sep 2024

Forsyth Barr analysts have downgraded shares in listed telecommunications company Spark to underperform following a 40% slip in its share price this year.

Spark in August said its revenue for the year to the end of June 2024 fell 14% to $3.86 billion while profit fell 72% to $316 million.

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NBR Staff Wed, 25 Sep 2024
Contact the Writer: editor@nbr.co.nz
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Forbar downgrades Spark to underperform
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