NEW YORK, September 21, 2016 /PRNewswire/ --
Stock-Callers.com shifts investors' focus on the global Telecommunications and Wireless Communications space, which is forecasted to grow to about a $6.5-trillion sector in 2018. Today's equities under assessment are: America Movil S.A.B. de C.V. (NYSE: AMX), VimpelCom Ltd (NASDAQ: VIP), TIM Participacoes S.A. (NYSE: TSU), and NII Holdings Inc. (NASDAQ: NIHD). Download the free research reports on these stocks today: http://stock-callers.com/registration
On Tuesday, shares in Mexico City, Mexico-based America Movil S.A.B. de C.V. recorded a trading volume of 2.92 million shares. The stock ended the session flat at $11.13. The Company's shares are trading 7.02% below their 50-day moving average. Moreover, shares of America Movil, which provides telecommunications services in Mexico and internationally, have a Relative Strength Index (RSI) of 29.99.
On September 13th, 2016, América Móvil, informed that its Board of Directors resolved to submit to the Shareholders' Meeting a proposal to: (i) Offer to all AMX's shareholders the option to receive shares or cash as payment of the second installment of the ordinary dividend approved by the Annual General Meeting of Shareholders held on April 18th, 2016, for the amount of MXP $0.14 per share, and (ii) delist its shares in certain foreign stock markets and quotation systems: NASDAQ and LATIBEX. The company stated that the Shareholders' Meeting is expected to be held during October 2016. See our free and comprehensive research report on AMX at: http://stock-callers.com/registration/?symbol=AMX
Amsterdam, the Netherlands headquartered VimpelCom Ltd's stock closed the day 0.29% higher at $3.41. A total volume of 8.70 million shares was traded, which was above their three months average volume of 3.05 million shares. The Company's shares have advanced 3.96% on an YTD basis. The stock is trading 8.72% below its 200-day moving average. Additionally, shares of VimpelCom, which provides mobile telecommunications services in Russia, Algeria, Pakistan, Bangladesh, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Italy, Armenia, Georgia, Kyrgyzstan, and Laos, have an RSI of 32.44.
On September 8th, 2016, research firm Morgan Stanley resumed its 'Overweight' rating on the Company's stock.
On September 16th, 2016, VimpelCom announced the pricing of an offering by selling shareholder Telenor East Holding II AS ("Telenor") of 142,500,000 American Depositary Shares ("ADSs"), each representing one common share of the company, at a public offering price of $3.50 per ADS. Telenor has granted the underwriters a 30-day option to purchase up to 21,375,000 additional ADSs at the offering price, less underwriting discounts and commissions. The offering is expected to close on September 21st, 2016. In addition, Telenor has priced a USD 1,000,000,000 0.25% bond due 2019 that will be exchangeable under certain conditions for up to a total of 204,081,633 ADSs (subject to adjustment) at an exchange price representing a premium of 40% to the public offering price of the ADSs. The bond is expected to be issued on or about September 21st, 2016. VimpelCom will not receive any proceeds from the sale of the ADSs by Telenor. VIP free research report PDF is just a click away at: http://stock-callers.com/registration/?symbol=VIP
Shares in Rio de Janeiro, Brazil headquartered TIM Participacoes S.A. recorded a trading volume of 578,204 shares. The stock ended yesterday's trading session 0.33% lower at $11.95. The Company's shares have advanced 18.32% in the previous three months and 44.65% since the start of this year. The stock is trading above its 200-day moving average by 17.76%. Furthermore, shares of TIM Participacoes, which through its subsidiaries, provides mobile telecommunication services in Brazil, have an RSI of 39.46. Sign up for your complimentary report on TSU at: http://stock-callers.com/registration/?symbol=TSU
Reston, Virginia-based NII Holdings Inc.'s stock finished Tuesday's session 1.53% higher at $3.32 with a total trading volume of 381,031 shares. The Company's shares have advanced 53.70% in the last one month. The stock is trading above its 50-day moving average by 14.93%. Additionally, shares of NII Holdings, which provides wireless communication services under the Nextel brand in Brazil, have an RSI of 61.29.
On August 11th, 2016, NII Holdings announced that for Q2 2016 it generated consolidated operating revenues of $249 million, consolidated adjusted operating income before depreciation and amortization of $14 million, and a consolidated operating loss of $29 million. NII Holdings ended the quarter with $429 million in consolidated cash and short-term investments and $208 million of cash held in escrow. The company reported net subscriber losses of 179,000 in Q2 2016. Register for free on Stock-Callers.com and download the latest research report on NIHD at: http://stock-callers.com/registration/?symbol=NIHD
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