We downgrade our recommendation on NII Holdings Inc. (NASDAQ:NIHD) to Underperform backed by our assessment that the company’s nightmare will continue in the near future. NII Holdings reported dismal financial results for the third quarter of 2011. Both the top line and bottom line were well below the Zacks Consensus Estimates.In synergy with the somber results, management slashed its fiscal 2011 financial outlook mainly driven by volatile macro-economic condition coupled with significant … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards