Traders Purchase High Volume of NII Holdings Put Options (NIHD)
NII Holdings (NASDAQ:NIHD) was the recipient of some unusual options trading activity on Thursday. Investors acquired 9,330 put options on the company, Stock Ratings Network.com reports. This is an increase of approximately 1,000% compared to the typical daily volume of 848 put options.
NIHD has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of NII Holdings (NASDAQ:NIHD) in a research note to investors on Thursday, September 19th. They now have a $7.25 price target on the stock. Separately, analysts at Barclays Capital cut their price target on shares of NII Holdings (NASDAQ:NIHD) from $7.00 to $6.00 in a research note to investors on Monday, September 16th. They now have an “underweight” rating on the stock. Finally, analysts at Morgan Stanley downgraded shares of NII Holdings (NASDAQ:NIHD) from an “equal weight” rating to an “underweight” rating in a research note to investors on Thursday, August 22nd. They now have a $4.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $6.61.
NII Holdings (NASDAQ:NIHD) opened at 6.17 on Friday. NII Holdings has a 1-year low of $4.11 and a 1-year high of $9.82. The stock’s 50-day moving average is $6.46 and its 200-day moving average is $6.74. The company’s market cap is $1.064 billion.
NII Holdings (NASDAQ:NIHD) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($2.30) earnings per share for the quarter, missing the analysts’ consensus estimate of ($1.03) by $1.27. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the company posted ($0.60) earnings per share. NII Holdings’s revenue was down 10.6% compared to the same quarter last year. On average, analysts predict that NII Holdings will post $-4.83 earnings per share for the current fiscal year.
NII Holdings, Inc (NASDAQ:NIHD) is a holding company for the operations of Nextel Communications, Inc in selected International markets.
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