NII Holdings Inc. (NIHD) Lifted to “Buy” at Zacks Investment Research
NII Holdings Inc. (NASDAQ:NIHD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The brokerage presently has a $2.00 price target on the stock. Zacks Investment Research’s target price would suggest a potential upside of 14.29% from the company’s previous close.
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 reiterated an “underperform” rating and issued a $1.50 price objective (down previously from $2.00) on shares of NII Holdings in a research note on Wednesday, November 23rd.
Shares of NII Holdings (NASDAQ:NIHD) opened at 1.75 on Tuesday. NII Holdings has a one year low of $1.70 and a one year high of $6.93. The firm has a 50-day moving average of $2.49 and a 200-day moving average of $2.93. The company’s market capitalization is $176.37 million.
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