OI (OTCMKTS:OIBRQ) Sets New 1-Year High – Still a Buy?

Oi S.A. (OTCMKTS:OIBRQ)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $4.01 and last traded at $4.01, with a volume of 28 shares. The stock had previously closed at $4.01.

OI Stock Performance

The business’s 50-day moving average is $1.61 and its 200-day moving average is $0.55.

OI Increases Dividend

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

OI Company Profile

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.