Deutsche Bank Reports On NIHD's Analyst Day

Deutsche Bank is maintaining its Buy rating and $55 price target on NII Holdings NIHD after attending the company's Analyst Day in Lima. Says Deutsche Bank, of the day, “We attended NIHD's analyst day in Lima, Peru and came back impressed by the quality of Push-to-Talk (PTT) service achieved by the company on its new 3G network. Management's guidance for revenue and subscriber growth was higher than our forecasts, while capex guidance was lower than our estimates. This suggests better than expected cash flow, which supports our Buy rating.” NIHD closed at $43.69 yesterday.