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Oi SA (OIBR) in Focus: Stock Moves 8.9% Higher
December 05, 2013

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Oi SA was a big mover last session, as the company saw its shares rise almost 9%. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above the volatile price range of $1.51-$1.61 since Nov 7.

There were no estimate revisions over the past 30 days, while the Zacks Consensus Estimate moved up over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Oi SA currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

However, some better-ranked stocks in the diversified communication services industry include Hawaiian Telcom Holdco, Inc. , Shenandoah Telecommunications Co. (SHEN - Free Report) and Chunghwa Telecom Co., Ltd. .  While Hawaiian Telcom and Shenandoah Telecommunications sport a Zacks Rank #1 (Strong Buy), Chunghwa Telecom holds a Zacks Rank #2 (Buy).

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