NII Holdings Downgraded by Macquarie to “Neutral” (NIHD)
NII Holdings (NASDAQ:NIHD) was downgraded by research analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports.
Shares of NII Holdings (NASDAQ:NIHD) opened at 2.76 on Wednesday. NII Holdings has a one year low of $1.90 and a one year high of $9.82. The stock’s 50-day moving average is $2.86 and its 200-day moving average is $4.16. The company’s market cap is $475.9 million.
NIHD has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of NII Holdings in a research note on Thursday, December 26th. They now have a $2.75 price target on the stock. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of NII Holdings in a research note on Monday, December 2nd. They now have a $2.00 price target on the stock, down previously from $3.00. Seven equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $3.77.
NII Holdings, Inc (NASDAQ:NIHD) is a holding company for the operations of Nextel Communications, Inc in selected International markets.
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