Barclays Initiates Oi With Equal-weight

Analysts at Barclays initiated coverage on

with a Equal-weight rating. The target price for Oi is set to $2. Oi shares have dropped 88.68% over the past 52 weeks, while the S&P 500 index has surged 13.04% in the same period. Oi's shares rose 0.49% to $2.07 in pre-market trading.