Zacks Investment Research Downgrades NII Holdings, Inc. (NIHD) to Hold
According to Zacks, “NII Holdings Inc. provides differentiated mobile communication services for businesses and consumers under the Nextel brand primarily in Brazil and Argentina. The company’s wireless communications tools consists of digital cellular voice services, data services, wireless Internet access and Nextel Direct Connect(R) as well as International Direct Connect SM, a digital two-way radio. NII Holdings Inc. is based in Reston, Virginia. “
Separately, Jefferies Group LLC reiterated an underperform rating and issued a $1.50 price target (down from $2.00) on shares of NII Holdings in a research note on Wednesday, November 23rd.
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Shares of NII Holdings (NASDAQ:NIHD) opened at 1.40 on Wednesday. The firm’s market cap is $141.09 million. NII Holdings has a 12-month low of $1.20 and a 12-month high of $5.72. The firm has a 50-day moving average price of $2.05 and a 200-day moving average price of $2.49.
NII Holdings (NASDAQ:NIHD) last issued its earnings results on Thursday, March 9th. The company reported ($0.88) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.23) by $0.65. The business earned $248.40 million during the quarter, compared to analyst estimates of $241.30 million. NII Holdings had a negative net margin of 157.96% and a negative return on equity of 16.93%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.97) EPS. Equities research analysts anticipate that NII Holdings will post ($1.17) EPS for the current year.
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