UPDATE: Credit Suisse Upgrades NII Holdings (NIHD) to Neutral, Stronger Outlook with Higher Margins

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May 16, 2011 10:57 AM EDT
Get Alerts NIHD Hot Sheet
Price: $2.17 --0%

Rating Summary:
    1 Buy, 6 Hold, 10 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Credit Suisse upgraded shares of NII Holdings (NASDAQ: NIHD) to Neutral from Underperform as it raised its price target on the company from $42 to $48.

The firm notes that its price target increase reflects a more optimistic outlook for subscriber and revenue growth communicated by management at Investor Day in Peru last week.

Credit Suisse's 2011 EBITDA estimate also rose from $1.63 billion to $1.71 billion on higher than expected margins reported in Q1 and stronger Mexican Peso assumptions.

For more ratings news on NII Holdings click here and for the rating history of NII Holdings click here.

Shares of NII Holdings closed at $43.40 yesterday.

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