NII Holdings (NIHD) Catches Eye: Stock Moves 10.2% Higher

Zacks Equity Research
June 9, 2014

NII Holdings Inc. (NIHD) was a big mover last session with shares rising over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $0.45 to $0.57 since May 28.

This provider of digital wireless communications services has seen no estimate revisions in the last 7 days. The Zacks Consensus Estimate hasn’t been in trend either. Friday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

NII Holdings currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Investors interested in the broader technology sector may consider better-ranked stocks like KT Corp. (KT), TeliaSonera Aktiebolag (TLSNY) and Arris Enterprises, Inc. (ARRS). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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