There's alota lot of information in the online manual for each command,command; it is always worth having a look at that before giving up and posting a question.
So \x86 is just incorrect. it must be octal and put your string in double quotes, otherwise it will be interpreted by the shell.
Example:
As Ouki reminded me, echo is also a shell buitinbuiltin, so the information is in the manual page for bash, man bash,; here's the relevant section. But Use Quotesuse quotes " around your string to stop the shell interpreting the back slashes.