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Oi SA (OIBR) Surges: Adds 16.7% in Session

Zacks Equity Research

Oi SA (OIBR) was a big mover last session, as the company saw its shares rise nearly 17% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $1.50–$1.73 in the past one-month time frame.

None of the estimates for this diversified communication services industry stock moved over the past 30 days. The Zacks Consensus Estimate hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Oi SA currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the diversified communication services industry include Hawaiian Telcom Holdco, Inc. (HCOM), Level 3 Communications, Inc. (LVLT) and Telecom Corporation of New Zealand Limited (NZTCY). All these stocks sport a Zacks Rank #1 (Strong Buy).

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OI SA (OIBR): Free Stock Analysis Report


LEVEL 3 COMMUNICATIONS INC (LVLT): Free Stock Analysis Report

TELECOM CP N Z (NZTCY): Free Stock Analysis Report

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