NII Holdings Inc (NASDAQ:NIHD) Stock Decreases By 55.34%

Boston, MA – (NYSEPOST) – 03/03/2014NII Holdings Inc (NASDAQ:NIHD) posted the company’s quarterly-earnings results on recently. It reported earnings per share of $4.33 for the quarter, which missed the average analysts’ projections $1.59 by $2.74. NII Holdings Inc (NASDAQ:NIHD) reported revenue of $1.08B for the quarter, in comparison to the average analyst estimate of $1.09 billion. Recently, numerous analysts have commented on NII Holdings Inc (NASDAQ:NIHD) stock.  Analysts at the Macquarie firm downgraded NII Holdings Inc (NASDAQ:NIHD) shares from an “outperform” to a “neutral” rating in the research note to investors.

Zacks analysts reiterated their “neutral” rating on NII Holdings Inc (NASDAQ:NIHD) shares in the research note on Thursday, 26th December and they currently have a price target of $2.75 on the stock. Analysts at the Citigroup firm reiterated their “sell” rating on NII Holdings Inc (NASDAQ:NIHD) shares in the research note to investors on 2 December and they currently have set a price target of $2.00 on the stock, down from the previous $3.00. Seven investment-analysts have rated NII Holdings Inc (NASDAQ:NIHD) stock with a “sell” rating, 2 have set a “hold” rating and 2 have assigned a “buy” rating to the company stock. Currently, the average rating on NII Holdings Inc (NASDAQ:NIHD) is a “Hold” and the consensus price target is $3.77.

The company posted a much wider than expected loss in the Q4 and it will now have to look for some means for funding itself through 2015. NII Holdings Inc (NASDAQ:NIHD) posted a net-loss of $4.33/share for the Q4, $2.48/share less than the average analyst projection of $1.85/share. Revenue dropped 21.8% in comparison to the same quarter of the previous year, to $1.08 billion, which was on par with analysts’ estimates. NII Holdings Inc (NASDAQ:NIHD) Holdings reported a net-loss of 247,000 of its subscribers in the quarter because of difficulties in Mexico as  well as an alteration n the company’s  deactivation policy for the inactive prepaid subscribers.

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