BidaskClub Lowers NII (NIHD) to Hold
BidaskClub downgraded shares of NII (NASDAQ:NIHD) from a buy rating to a hold rating in a research report sent to investors on Thursday.
Separately, ValuEngine cut shares of NII from a buy rating to a hold rating in a research note on Wednesday.
Shares of NII traded up $0.41, reaching $5.38, during midday trading on Thursday, according to Marketbeat Ratings. 3,194,880 shares of the company were exchanged, compared to its average volume of 2,976,076. NII has a one year low of $0.22 and a one year high of $7.29. The company has a quick ratio of 1.45, a current ratio of 1.42 and a debt-to-equity ratio of -3.67.
NII Holdings, Inc, through its subsidiaries, provides wireless communication services to the individual consumers under the Nextel brand in Brazil. The company offers its services through wideband code division multiple access and long-term evolution networks. Its services include mobile telephone voice and wireless data, international voice and data roaming, and application-based radio connection services.
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