NII Holdings (NIHD) Announces Quarterly Earnings Results, Misses Expectations By $0.14 EPS
NII Holdings (NASDAQ:NIHD) announced its earnings results on Monday. The company reported ($2.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.05) by $0.14, AmericanBankingNews.com reports. The company had revenue of $970.20 million for the quarter, compared to the consensus estimate of $1.02 billion.
NII Holdings (NASDAQ:NIHD) opened at 0.6999 on Monday. NII Holdings has a 1-year low of $0.58 and a 1-year high of $8.90. The stock’s 50-day moving average is $0.99 and its 200-day moving average is $2.23. The company’s market cap is $120.5 million.
A number of research firms have recently commented on NIHD. Analysts at Citigroup Inc. reiterated a “sell” rating on shares of NII Holdings in a research note on Tuesday, April 29th. They now have a $0.70 price target on the stock. On a related note, analysts at Barclays cut their price target on shares of NII Holdings from $2.50 to $0.50 in a research note on Friday, April 11th. They now have an “underweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of NII Holdings in a research note on Friday, April 4th. They now have a $1.25 price target on the stock. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $2.22.
NII Holdings, Inc (NASDAQ:NIHD) is a holding company for the operations of Nextel Communications, Inc in selected International markets.
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