Oi SA (ADR) (NYSE:OIBR) is looking forward for a positive outcome on March 27 shareholder meeting. The objective of the meeting is to discuss and vote on the proposed merger of Oi SA with Portugal Telecom, SGPS (ADR) (NYSE:PT). In the latest developments the company has moved one step ahead in the proposed merger as it is now confirmed that Autoridade da Concorrencia, the regulatory body of Portugal has approved the tie-up. The Brazilian Equivalent Cade has already approved the merger in February. With the approval coming from the Portugal regulatory body the deal is seen finalizing from both the parties. Oi SA (ADR) (NYSE:OIBR) shares after opening at $1.40 moved to $1.43 on last trade day and at the end of the day closed at $1.37. Company price to sales ratio in past twelve months was calculated as 0.16. Oi SA (ADR) (NYSE:OIBR) showed a negative weekly performance of -4.20%.
Following its earnings, ReneSola Ltd. (ADR) (NYSE:SOL) gets a rating as well as a price boost from Roth Capital. The research firm upgraded the rating from ‘neutral’ to ‘buy’ and raised the price target to $5. This revision comes in light of the company’s strategy to focus on the integration of 6,000 MT of polysilicon capacity as well as raising its OEM capacity. Yesterday, the company had presented its fourth quarter earnings that was overall on an upbeat. The earnings per share of ReneSola Ltd. (ADR) (NYSE:SOL) stood at $0.01, higher than the estimate of ($0.14) and its revenue stood at $438.8 million during the quarter. ReneSola Ltd. (ADR) (NYSE:SOL) shares fell -14.03% in last trading session and ended the day on $3.37. SOL return on equity ratio is recorded as -119.00% and its return on assets is -15.40%. ReneSola Ltd. (ADR) (NYSE:SOL) yearly performance is 120.26%.
Yingli Green Energy Hold. Co. (NYSE:YGE) last released the company’s earnings-data on 18 March . It reported earnings per share of $0.31 for the quarter, which missed the average analyst projection of $0.17 by $0.14. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) reported revenue of $613.00M for the quarter, in comparison to the average projection of $651.55 million. In the same quarter of the previous year, Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) posted earnings per share of $0.93. Its revenue for the quarter rose 31.5% on a y-o-y basis. Analysts project that Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) will post Earnings per Share of $-0.36 for the current financial year.Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares moved down -8.21% in last trading session and was closed at $4.25, while trading in range of $4.25-$4.70. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) year to date performance is -15.84%.
Qihoo 360 Technology Co Ltd (NYSE:QIHU) on Mar. 6 reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2013. Revenues were $221.6 million, representing an increase of 115.3% from $103.0 million in the fourth quarter of 2012 and an increase of 17.9% from $187.9 million in the third quarter of 2013. Net income attributable to Qihoo 360 was $16.7 million, compared to $12.8 million in the fourth quarter of 2012 and $44.5 million in the prior quarter. Non-GAAP net income attributable to Qihoo 360 was $96.3 million, compared to $26.7 million in the fourth quarter of 2012 and $61.5 million in the prior quarter. Qihoo 360 Technology Co Ltd (NYSE:QIHU) weekly performance is -16.30%. On last trading day company shares ended up $93.60. Qihoo 360 Technology Co Ltd (NYSE:QIHU) distance from 50-day simple moving average is -8.74%. Analysts mean target price for the company is $130.74.