Barclays started coverage on shares of OI (OTCMKTS:OIBR/C) in a research report released on Wednesday. The brokerage issued an equal weight rating and a $2.23 price target on the stock.
OIBR/C opened at $2.05 on Wednesday.
Oi SA, a switched fixed-line telephony services concessionaire, provides integrated telecommunication services in Brazil. The company offers fixed telephony services, including voice, data communication, and pay TV services; local and intraregional long-distance carrier services; domestic and international long-distance services; mobile telephony and corporate solutions; and installation, maintenance, and repair services, as well as value-added services and commercial data transmission services.
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