American Banking News | January 26, 2011
Shares of Brasil Telecom SA (BTM) saw unusually high trading volume on Wednesday. Approximately 521,419 shares changed hands during mid-day trading, an increase of 123.27% from the previous session. The stock last traded at $23.23.
On a related note, analysts at Zacks Investment Research downgraded shares of Brasil Telecom SA from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 12nd.
Brasil Telecom S.A. is a provider of telecommunications services in Region II in Brazil. The Company offers integrated telecommunications services, which includes fixed-line and mobile telecommunications services, data transmission services (including broadband access services), Internet service provider (ISP) services and other services, for residential customers, small, medium and large companies, and governmental agencies. The Company provides services, which include Fixed-Line Telecommunications Services and Data Transmission Services, Mobile Telecommunications Services and other services.
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