NII (NIHD) Downgraded to “Hold” at BidaskClub
NII (NASDAQ:NIHD) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Wednesday.
Separately, ValuEngine cut shares of NII from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th.
Shares of NASDAQ:NIHD opened at $5.33 on Wednesday. The company has a debt-to-equity ratio of -3.67, a quick ratio of 1.41 and a current ratio of 1.42. NII has a 12 month low of $0.22 and a 12 month high of $7.29.
Institutional investors have recently added to or reduced their stakes in the business. Benefit Street Partners LLC boosted its position in NII by 19.4% in the 2nd quarter. Benefit Street Partners LLC now owns 4,498,851 shares of the Wireless communications provider’s stock valued at $17,546,000 after buying an additional 731,849 shares during the period. New Generation Advisors LLC lifted its position in shares of NII by 44.0% in the 1st quarter. New Generation Advisors LLC now owns 8,345,995 shares of the Wireless communications provider’s stock worth $17,610,000 after purchasing an additional 2,551,144 shares during the period. Ursa Fund Management LLC purchased a new stake in shares of NII in the 1st quarter worth approximately $264,000. Bank of Montreal Can purchased a new stake in shares of NII in the 2nd quarter worth approximately $280,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of NII in the 2nd quarter worth approximately $128,000. 72.84% of the stock is owned by institutional investors.
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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