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

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

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 presently has a $2.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 14.29% from the stock’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 target price (down from $2.00) on shares of NII Holdings in a report on Wednesday, November 23rd.

Shares of NII Holdings (NASDAQ:NIHD) opened at 1.75 on Tuesday. The company’s market cap is $176.37 million. NII Holdings has a 52 week low of $1.70 and a 52 week high of $6.93. The stock’s 50 day moving average price is $2.49 and its 200-day moving average price is $2.93.

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