NII Holdings (NIHD) Surges: Stocks Moves 24.2% Higher

Zacks

NII Holdings Inc. (NASD:NIHD) was a big mover last session, as the company saw its shares more than 24% 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 $2.22–$2.78 in the past one-month time frame.

One estimate for this wireless communications stock moved downwards over the last 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

NII Holdings has a Zacks Rank #4 (Sell), while its Earnings ESP is positive.

Some better-ranked stocks in the same sector include China Unicom (Hong Kong) Limited (NYSE:CHU), Fairpoint Communications, Inc. (NASD:FRP) and Hutchison Telecommunications Hong Kong Holdings Ltd. (OTC:HTHKY). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>





NII HOLDINGS INC (NIHD): Free Stock Analysis Report

CHINA UNICOM HONG KONG LTD ADS E (CHU): Free Stock Analysis Report

FAIRPOINT COMMUNICATIONS INC (FRP): Free Stock Analysis Report

HUTCHISON TELECO ADR (HTHKY): Free Stock Analysis Report


Zacks Investment Research

View Comments (0)