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Barclays Starts Oi SA (OIBR) at Underweight; Wait For Turnaround

May 29, 2012 12:30 PM EDT
Get Alerts OIBR Hot Sheet
Price: $0.17 --0%

Rating Summary:
    1 Buy, 1 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 18 | New: 17
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Barclays initiates coverage on Oi SA (formerly Brasil Telecom SA) (NYSE: OIBR) with an Underweight. PT $11.00.

Analyst, Vera Rossi, said, "The secular trends in the voice wireline business, combined with OIBR's high leverage and general uncertainty in the capital markets, make OIBR a very risky investment."

For an analyst ratings summary and ratings history on Oi SA click here. For more ratings news on Oi SA click here.

Shares of Oi SA closed at $12.01 yesterday.


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