OI (OTCMKTS:OIBRQ) Reaches New 52-Week High – Still a Buy?

Oi S.A. (OTCMKTS:OIBRQGet Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $4.01 and last traded at $4.01, with a volume of 0 shares. The stock had previously closed at $4.01.

OI Trading Down 97.5 %

The firm’s 50-day moving average price is $2.97 and its 200-day moving average price is $1.02.

OI Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 8th were paid a $0.0755 dividend. This represents a dividend yield of 1.88%. This is a positive change 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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