Todays Report: Today, NII Holdings Inc. (NIHD) Upgraded to “Buy” at The Zacks Investment Research

Today, NII Holdings Inc. (NIHD) Upgraded to “Buy” at The Zacks Investment Research

NII Holdings Inc. (NASDAQ:NIHD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Tuesday. The brokerage currently has a $2.00 price target on the stock. Zacks Investment Research’s target price indicates a potential upside of 14.29% from the company’s current price.

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 target (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. The firm’s market cap is $176.37 million. NII Holdings has a 1-year low of $1.70 and a 1-year high of $6.93. The stock has a 50 day moving average of $2.49 and a 200-day moving average of $2.93.

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