NII Holdings’s Sell Rating Reaffirmed at Goldman Sachs (NIHD)
NII Holdings (NASDAQ:NIHD)‘s stock had its “sell” rating restated by stock analysts at Goldman Sachs in a report issued on Monday, Stock Ratings Network.com reports.
Shares of NII Holdings (NASDAQ:NIHD) traded up 0.01% on Monday, hitting $0.70. 4,863,993 shares of the company’s stock traded hands. 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.
NII Holdings (NASDAQ:NIHD) last issued its quarterly earnings data on Monday, May 12th. The company reported ($2.19) earnings per share for the quarter, missing the analysts’ consensus estimate of ($2.05) by $0.14. The company had revenue of $970.20 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted ($1.21) earnings per share. NII Holdings’s revenue was down 27.1% compared to the same quarter last year. On average, analysts predict that NII Holdings will post $-7.45 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus 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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