NII Holdings Given Average Recommendation of “Sell” by Brokerages (NASDAQ:NIHD)
Shares of NII Holdings (NASDAQ:NIHD) have received a consensus rating of “Sell” from the twelve analysts that are covering the company, AnalystRatings.NET reports. Seven equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $2.38.
NII Holdings (NASDAQ:NIHD) opened at 0.1499 on Monday. NII Holdings has a 52-week low of $0.12 and a 52-week high of $7.50. The stock has a 50-day moving average of $0.61 and a 200-day moving average of $1.13. The company’s market cap is $25.8 million.
NII Holdings (NASDAQ:NIHD) last announced its earnings results on Monday, August 11th. The company reported ($3.65) earnings per share for the quarter, missing the analysts’ consensus estimate of ($2.30) by $1.35. The company had revenue of $969.00 million for the quarter, compared to the consensus estimate of $948.10 million. During the same quarter last year, the company posted ($2.30) earnings per share. NII Holdings’s revenue was down 23.1% compared to the same quarter last year. On average, analysts predict that NII Holdings will post $-7.80 earnings per share for the current fiscal year.
Separately, analysts at Wells Fargo & Co. downgraded shares of NII Holdings from a “market perform” rating to an “underperform” rating in a research note on Tuesday, August 12th.
NII Holdings, Inc (NASDAQ:NIHD) is a holding company for the operations of Nextel Communications, Inc in selected International markets.
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