- Oi SA (OIBR) is beginning a cruise into the close, up 14% in one of its most significant intraday moves on lighter than average volume.
- Last week, RBC Capital Markets reiterated its Underperform rating on the stock while lowering its price target to $1, from $1.30, while Barclays has cut its price target to $1.10 from $2.10.
- The stock has declined heavily after a split last December; it's down 70.7% YTD.
- Previously: Oi S.A. reports Q2 results (Aug. 13 2015)
- Previously: Oi SA down 6.1% on rack of Fitch debt downgrades (Jul. 15 2015)