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Oi SA (ADR) (NASDAQ:OIBRQ) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.

Only yesterday Oi SA (ADR) (NASDAQ:OIBRQ) traded 5.26% lower at $0.66. The company’s 50-day moving average is $0.74 and its 200-day average is $0.46. With the last close up 77.69% from the 200-day average, compared to the Standard & Poor’s 500 Index which has decreased -0.01% over the same time period. 30,542 shares of Oi SA (ADR) traded, down from ann avg. trading volume of 520,444.

Zacks Investment Research has upgraded Oi SA (ADR)(NASDAQ:OIBRQ) to Hold in a report released 8/18/2016.

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Oi SA (ADR) has a one-year low of $0.15 and a one-year high of $1.09 . OIBRQ’s total market value is currently $0.0.

General Company Details For Oi SA (ADR) (NASDAQ:OIBRQ)

Oi S.A. provides integrated telecommunication services for residential, corporate, and SME customers in Brazil and internationally. The company offers fixed telephony services, including local and long distance, network usage interconnection, and public telephone services; mobile telecommunications services; voice and data transmission services; and pay TV services. It also provides multimedia and IT services; data traffic services; financial services; investment and receivables portfolio management services; business consulting and management services; and payment and credit systems. In addition, the company invests in properties; purchases and sells real estate; and publishes telephone directories and operates related databases. The company was formerly known as Brasil Telecom S.A. and changed its name to Oi S.A. in February 2012. Oi S.A. was founded in 1963 and is headquartered in Rio de Janeiro, Brazil. On June 20, 2016, and Oi S.A. along with its subsidiaries filed for bankruptcy protection.

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