Shares of TIM Participacoes S.A. (NYSE:TSU) have earned an average recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $16.80.
TSU has been the topic of several recent analyst reports. J P Morgan Chase & Co upgraded shares of TIM Participacoes from a “neutral” rating to an “overweight” rating in a report on Thursday, May 25th. Barclays PLC lifted their target price on shares of TIM Participacoes from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Tuesday, May 2nd. BidaskClub upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of TIM Participacoes from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $16.00 target price on shares of TIM Participacoes in a report on Wednesday, May 3rd.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSU. State Street Corp increased its position in shares of TIM Participacoes by 9.4% in the fourth quarter. State Street Corp now owns 375,146 shares of the Wireless communications provider’s stock valued at $4,426,000 after buying an additional 32,085 shares during the period. Credit Suisse AG raised its stake in TIM Participacoes by 101.8% in the first quarter. Credit Suisse AG now owns 8,438,870 shares of the Wireless communications provider’s stock valued at $134,852,000 after buying an additional 4,257,537 shares in the last quarter. Comerica Bank raised its stake in TIM Participacoes by 12.1% in the fourth quarter. Comerica Bank now owns 28,412 shares of the Wireless communications provider’s stock valued at $370,000 after buying an additional 3,060 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in TIM Participacoes during the fourth quarter valued at about $336,000. Finally, Norges Bank bought a new stake in TIM Participacoes during the fourth quarter valued at about $787,000. Hedge funds and other institutional investors own 19.28% of the company’s stock.
TIM Participacoes (TSU) traded down 0.64% during trading on Friday, reaching $15.60. 807,305 shares of the company’s stock were exchanged. TIM Participacoes has a 1-year low of $11.17 and a 1-year high of $16.81. The company has a market capitalization of $7.55 billion, a PE ratio of 33.19 and a beta of 1.49. The company’s 50-day moving average is $14.84 and its 200-day moving average is $14.85.
About TIM Participacoes
TIM Participacoes SA (TIM) is a provider of mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District.
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