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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: Analyst ColorAnalyst RatingsDeutsche BankNII Holdings Inc.Telecommunication ServicesWireless Telecommunication Services
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in