|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.3300 - 0.3400|
|52 Week Range||0.2300 - 0.9800|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||0.01|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.35|
Brazilian telecommunications firm Oi SA reported a first-quarter net profit of 679 million reais ($170 million), in a quarter its revenue continued to fall. This compares to a profit of 30.5 billion reais in the first quarter of 2018 after Oi reached an agreement with creditors in an in-court debt reorganization of the company. In a securities filing late on Monday, Brazil's largest fixed-line operator said its net revenue fell 9.5% year-on-year to 5.1 billion reais due to a fiercer competition in Brazil.
Brazilian telecommunications firm Oi SA, trying to right itself after a string of financial losses, is boosting capital spending in a bid to return to revenue growth by 2021, executives said on Wednesday. Speaking to analysts following the release of fourth-quarter results, Chief Financial Officer Carlos Brandao said recent losses at Brazil's largest fixed-line firm were related to underinvestment. Late on Tuesday, Oi reported a fourth-quarter net loss of 3.359 billion reais ($858 million), widening 66 percent from its year-earlier loss.
Brazilian telecommunications firm Oi SA reported a big quarterly loss on Wednesday, sending shares of the heavily indebted company down nearly 5 percent in morning trading Oi, Brazil's largest fixed-line ...