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Goldman Sachs Downgrades NII Holdings (NIHD) to Neutral

October 28, 2011 9:52 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: 11 | New: 14
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Goldman Sachs downgraded NII Holdings (NASDAQ: NIHD) from Buy to Neutral with a price target of $31.50.

Disappointing Q3 results, lower guidance and signs of increasing competition limits investor's visibility. The firm does not see any clear short-term catalysts.

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 $25.80 yesterday.


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