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What: Shares of NII Holdings
So what: Mizuho downgraded NII from buy to hold. The stock has fallen 34% over the last month as Morgan Stanley also slapped a hold tag on the stock, which was followed by a buy rating but lower target prices from Stifel Nicolaus.
Now what: Latin America is clamoring for wireless services, and NII knows how to create value for shareholders. To be sure, the company faces heavy competition from much larger operators America Movil
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