OI (OTCMKTS:OIBRQ) Reaches New 12-Month High – Still a Buy?

Oi S.A. (OTCMKTS:OIBRQGet Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as $4.01 and last traded at $4.01, with a volume of 1 shares. The stock had previously closed at $4.01.

OI Price Performance

The company has a fifty day simple moving average of $0.96 and a two-hundred day simple moving average of $0.33.

OI Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 8th were paid a $0.0755 dividend. This represents a yield of 1.88%. This is a boost from OI’s previous dividend of $0.00. The ex-dividend date was Monday, October 7th.

OI Company Profile

(Get Free Report)

Oi SA, together with its subsidiaries, provides telecommunication services in Brazil and internationally. The company offers fixed telephony services; domestic and international long-distance services; and maintenance and repair services. It also provides call center and telemarketing, Internet, network, and Wi-Fi Internet services; and financial, and payment and credit system services, as well as consulting services.

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