Morgan Stanley Sets NII Holdings Price Target at $16.00 (NIHD)

By admin | 6 years ago

Morgan Stanley (NYSE: MS) lowered their price target on shares of NII Holdings (NASDAQ: NIHD) to $16.00 in a research note issued on Tuesday. The firm currently has an “equal weight” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at HSBC (NYSE: HBC) downgraded shares of NII Holdings from a “neutral” rating to an “underweight” rating in a research note to investors on Friday, April 27th. Separately, analysts at Zacks upgraded shares of NII Holdings from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, April 12nd. They now have a $20.00 price target on the stock. Finally, analysts at Macquarie initiated coverage on shares of NII Holdings in a research note to investors on Thursday, April 12nd. They set a “neutral” rating on the stock.

NII Holdings traded up 1.01% on Tuesday, hitting $13.00. NII Holdings has a 52-week low of $12.86 and a 52-week high of $44.21. The company has a market cap of $2.226 billion and a price-to-earnings ratio of 19.77.

The company last announced its quarterly results on Thursday, April 26th. It reported $0.06 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.23 EPS by $0.17. The company’s quarterly revenue was up .5% on a year-over-year basis. Analysts expect that NII Holdings will post $0.20 EPS next quarter.

NII Holdings, Inc. (NII Holdings) provide wireless communication services. NII Holdings provides these services under the Nextel brand through operating companies located in selected Latin American markets.

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