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

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

OI Stock Performance

The business’s 50-day simple moving average is $2.49 and its two-hundred day simple moving average is $0.86.

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 issued a $0.0755 dividend. The ex-dividend date of this dividend was Monday, October 7th. This represents a dividend yield of 1.88%. This is a boost from OI’s previous dividend of $0.00.

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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