Several other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of TIM Participacoes from a hold rating to a buy rating and set a $22.00 price objective for the company in a research note on Friday, January 12th. Santander upgraded shares of TIM Participacoes from a hold rating to a buy rating in a research note on Thursday, December 21st. Royal Bank of Canada set a $17.00 price objective on shares of TIM Participacoes and gave the stock a hold rating in a research note on Thursday, November 30th. UBS Group upgraded shares of TIM Participacoes from a market perform rating to an outperform rating in a research note on Friday, November 24th. Finally, Barclays upped their price target on shares of TIM Participacoes from $20.00 to $21.00 and gave the company an overweight rating in a research note on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $20.00.
TIM Participacoes (NYSE:TSU) opened at $19.85 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.29 and a current ratio of 1.31. The company has a market cap of $9,611.49, a P/E ratio of 31.51, a P/E/G ratio of 0.94 and a beta of 1.49. TIM Participacoes has a 52 week low of $13.53 and a 52 week high of $20.48.
Institutional investors have recently modified their holdings of the business. Asset Management One Co. Ltd. increased its stake in TIM Participacoes by 75.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 3,000 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in TIM Participacoes during the 2nd quarter valued at approximately $120,000. Janney Montgomery Scott LLC acquired a new position in TIM Participacoes during the 3rd quarter valued at approximately $202,000. CIBC World Markets Inc. increased its stake in TIM Participacoes by 1.9% during the 2nd quarter. CIBC World Markets Inc. now owns 12,886 shares of the Wireless communications provider’s stock valued at $191,000 after purchasing an additional 236 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in TIM Participacoes during the 3rd quarter valued at approximately $261,000. Institutional investors and hedge funds own 15.48% of the company’s stock.
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TIM Participacoes Company Profile
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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