Boston, MA 06/05/2013 (wallstreetpr) – The shares of Oi SA ADR (NYSE:OIBR) had surged to close at $2.27 per share for the end of last trading session on Tuesday. This was observed to be a gain of 20.74 percent or $0.39 per share over the previous closing price on Monday. The shares of Oi SA ADR (NYSE:OIBR) had been trading in the range of $1.97 to $2.29 per share during the day. The shares of the company had recorded 52 week high price level of $5.05 per share and 52 week low price level of $1.77 per share.
Oi SA ADR (NYSE:OIBR) is a Brazil based holding company with its operations in the telecommunication sector and had formerly been known as Brazil Telecom SA. The company is primarily focused on providing fixed telephone services in various states of Brazil such as Goias, Parana, Santa Catarina, Rondonia etc. The telecommunication services provided by Oi SA ADR (NYSE:OIBR) are extended to both residential and commercial consumers.
Further Oi SA ADR (NYSE:OIBR) also provides wide range of integrated telecommunication services which include data transmission services, internet service provider services and mobile telecommunication services to its consumers in Brazil. In addition, the company through its subsidiaries operates call centers to provide telemarketing and customer call services and is further involved in providing payment cards.
The shares of Oi SA ADR (NYSE:OIBR) witnessing a trade volume of 10.26 million shares on Tuesday, while the average trading volume of the company is at 2.90 million shares per day.
