Oi SA (ADR) (NYSE:OIBR) dropped -9.94% touching a new 52 week low $0.78 with trading volume of 54.68 million shares. The drop came in after the company reported its first quarter earnings that declined. Net profit was 228 million Brazilian reais, or $103 million, compared with BRL262 million a year ago. Revenue fell to BRL6.87 billion in the quarter from BRL7.04 billion in last year’s first quarter. Oi SA (ADR) (NYSE:OIBR) weekly performance is -11.58%. On last trading day company shares ended up $0.835. Analysts mean target price for the company is $1.77. Oi SA (ADR) (NYSE:OIBR) distance from 50-day simple moving average (SMA50) is -32.56%.
Canaccord Genuity has also updated their ratings on a number of other stocks in the last week. The firm raised its price target on shares of Foster Wheeler AG from $32.00 to $34.50. Also, Canaccord Genuity reiterated its hold rating on shares of Ceragon Networks Ltd. They have a $2.50 price target on that stock, down previously from $3.00. Finally, Canaccord Genuity lowered its price target on shares of Novatel Wireless Inc (NASDAQ:NVTL) from $2.30 to $2.00.Novatel Wireless Inc (NASDAQ:NVTL) shares fell -1.23% in last trading session and ended the day on $1.60. NVTL Gross Margin is 20.70% and its return on assets is -34.40%. Novatel Wireless Inc (NASDAQ:NVTL) quarterly performance is -36.76%.
Voltari Corporation (NASDAQ:VLTC), a marketing technology company with over 10 years experience in developing data driven solutions, announces the launch of Voltari Corporation (NASDAQ:VLTC) Pathways™, a new product feature that allows advertisers to track store visits resulting from mobile impressions. This new feature reduces the guesswork that has long existed for multi-channel marketers. Voltari Corp (NASDAQ:VLTC) shares moved down -25.98% in last trading session and was closed at $2.45, while trading in range of $2.32 – $3.30. Voltari Corp (NASDAQ:VLTC) year to date (YTD) performance is -28.57%.
MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) announced on 15 May 2014 that its Board of Directors has agreed with Eytan Bar that he will step down as Chief Executive Officer. The Board has named Alon Mualem, the Company’s Chief Financial Officer, to fill the role of Chief Executive Officer on an interim basis. The board will promptly begin to search for a permanent successor. “We would like to thank Eytan for his ten year career with MTS and his contribution to our company,” said Mr. Chaim Mer, the Company’s Chairman of the Board. MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) ended the last trading day at $1.54. Company weekly volatility is calculated as 8.91% and price to cash ratio as 1.22. MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) showed a negative weekly performance of -15.38%.