OI (OTCMKTS:OIBRQ) Hits New 52-Week High – Should You Buy?

Shares of Oi S.A. (OTCMKTS:OIBRQ) 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 changing hands. The stock had previously closed at $4.01.

OI Stock Performance

The stock’s fifty day moving average is $2.81 and its 200 day moving average is $0.97.

OI Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 8th were paid a dividend of $0.0755 per share. The ex-dividend date of this dividend was Monday, October 7th. This is a positive change from OI’s previous dividend of $0.00. This represents a 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.