NII Holdings Receives Average Rating of “Sell” from Analysts (NASDAQ:NIHD)
Shares of NII Holdings (NASDAQ:NIHD) have earned an average recommendation of “Sell” from the twelve analysts that are currently covering the stock, AnalystRatings.NET reports. Seven analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $2.38.
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 (NASDAQ:NIHD) opened at 0.159 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 $0.56 and a 200-day moving average of $1.05. The company’s market cap is $27.4 million.
NII Holdings (NASDAQ:NIHD) last issued its quarterly earnings data on Monday, August 11th. The company reported ($3.65) EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($2.30) earnings per share. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Analysts expect that NII Holdings will post $-8.26 EPS 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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