Barclays Downgrades NII Holdings (NIHD) to Underweight; Weak Operating Performance

Barclays downgraded NII Holdings (NASDAQ: NIHD) from Overweight to Underweight, price target cut from $35 to $22.

Analyst, Vera Rossi, said, "We believe the negative news related to the weak operating performance are mostly priced in, however we do not see any catalysts at least in the next 6 to 9 months, limiting stock appreciation. We also believe that the significant deterioration in results could continue in the next quarters, creating further downside to the stock price."

For an analyst ratings summary and ratings history on NII Holdings click here. For more ratings news on NII Holdings click here.

Shares of NII Holdings closed at $20.25 yesterday.

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