NII Holdings Inc (NIHD): Today's Featured Telecommunications Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NII Holdings ( NIHD) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.4%. By the end of trading, NII Holdings fell $0.61 (-6.5%) to $8.70 on average volume. Throughout the day, 7,029,430 shares of NII Holdings exchanged hands as compared to its average daily volume of 5,178,100 shares. The stock ranged in price between $8.46-$9.34 after having opened the day at $9.31 as compared to the previous trading day's close of $9.31. Other companies within the Telecommunications industry that declined today were: Zoom Technologies ( ZOOM), down 17.0%, WPCS International ( WPCS), down 10.3%, MER Telemanagement Solutions ( MTSL), down 8.5% and Schawk ( SGK), down 5.2%.
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NII Holdings, Inc., through its subsidiaries, provides wireless communication services under the Nextel brand name to businesses and individuals in Mexico, Brazil, Argentina, Peru, and Chile. NII Holdings has a market cap of $1.6 billion and is part of the technology sector. Shares are up 32.3% year to date as of the close of trading on Monday.

TheStreet Ratings rates NII Holdings as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and generally disappointing historical performance in the stock itself.

On the positive front, eOn Communications Corporation ( EONC), down 10.8%, Ikanos Communications ( IKAN), down 8.0%, iPass ( IPAS), down 6.6% and Calix ( CALX), down 4.9% , were all gainers within the telecommunications industry with America Movil S.A.B. de C.V ( AMX) being today's featured telecommunications industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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