Oi SA (OIBR) was a big mover last session, as its shares rose almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company, as the stock is now down nearly 27% in the past one-month timeframe.
In the last 30 days, the company witnessed one negative estimate revision and the Zacks Consensus Estimate also moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher lasts.
Oi SA currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the diversified communication services industry include Telecom Corporation of New Zealand Limited (NZTCY), Shenandoah Telecommunications Co. (SHEN) and Deutsche Telekom AG (DTEGY). All three sport a Zacks Rank #1 (Strong Buy).
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