Oi SA (ADR) (NYSE:OIBR) And Its Recent Gains


Dallas, Texas 07/25/2014 (FINANCIALSTRENDS) – Oi SA (ADR)(NYSE:OIBR) which operates from its Brazilian headquarters in Rio, has notched steady gains in recent trading sessions. The integrated telecommunication service provider, an erstwhile Brasil Telecom, is now a diversified player offering a range of services such as Switched Fixed-line Telephony Services for the local users as well as globally as well.

The company will offer its services in three sections – The fixed-line telephony besides data segment as well as the local and long distance voice transmission. It also operates the data communication services, which include Mobile Telephony segment, besides the primary mobile voice as well as third-generation data communication.

Oi SA (ADR)(NYSE:OIBR) services include messaging and interactivity. There are additional services as well which include internet servicing as well as internet accessing, besides online advertising.

The company also provides other services such as call center services and a range of third-party telemarketing services. It also provides other services such as customer services and television services. The TV services include services related to customer service with Cable and Direct to Home technology services.

Oi SA (ADR)(NYSE:OIBR) has at the end of December 2013  informed of the transfer of the stake in Brazil Telecom Cabos Submarine Ltd and its subsidiaries.

As of July 17, there have been revisions in the global rating with Moody’s America Latina downgrading the company due to potential loss occurring, as a result, of the commercial paper investment made by Portugal Telecom SGPS SA, which has been a contributor in May 2014. OIBR stock which has been trading at prices of $0.70 has been trading at session at $0.72. It has also been showing day-trading which helped the stock to close at $0.710. The weekly performance of the stock was noted at 4.41%.

Besides, the recent gains made by the company have definitely given it the bandwidth to show better results.

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