BUZZ-NII Holdings Inc: Stock hits all-time low

martes 12 de agosto de 2014 09:34 GYT

** The Latin American mobile service provider's shares slumps 60 pct at a record low of 26.5 cents

** Company said it may have to file for bankruptcy and reported its ninth quarterly loss in a row

** "Despite the actions we've taken to improve our operational performance, we have fallen short in our efforts, leaving the company with a liquidity position that is not sufficient to support the business," CEO Steve Shindler said

** Only one of the 13 analysts covering the stock has a "buy" rating, while three rate it "hold", and the rest "sell" or lower

** Analysts have a median price target of $2.13 on the stock, up from 98 cents 90 days ago, according to Thomson Reuters data