NII Holdings, Inc. (NIHD) Stock Rating Lowered by Zacks Investment Research

NII Holdings, Inc. (NASDAQ:NIHD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Friday, May 12th.

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. “

Shares of NII Holdings (NASDAQ:NIHD) traded down 3.3705% on Friday, hitting $0.6594. 17,953,545 shares of the stock traded hands. The firm’s 50 day moving average is $0.62 and its 200-day moving average is $1.60. NII Holdings has a 12 month low of $0.36 and a 12 month high of $3.96. The company’s market cap is $66.31 million.

NII Holdings (NASDAQ:NIHD) last issued its earnings results on Wednesday, May 10th. The Wireless communications provider reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.55) by $0.28. The company had revenue of $251 million for the quarter. NII Holdings had a negative return on equity of 30.56% and a negative net margin of 159.96%. During the same period in the previous year, the company earned ($0.37) earnings per share. Equities analysts predict that NII Holdings will post ($1.17) earnings per share for the current year.

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