Royal Bank of Canada set a $20.00 price target on TIM Participacoes (NYSE:TSU) in a research report report published on Friday. The firm currently has a hold rating on the Wireless communications provider’s stock.
A number of other analysts also recently commented on the company. Barclays boosted their target price on TIM Participacoes from $21.00 to $22.00 and gave the stock an overweight rating in a research report on Tuesday, February 13th. Zacks Investment Research upgraded TIM Participacoes from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Wednesday, February 7th. UBS Group upgraded TIM Participacoes from a market perform rating to an outperform rating in a research report on Tuesday, February 6th. Scotiabank set a $22.00 target price on TIM Participacoes and gave the stock a hold rating in a research report on Monday, February 5th. Finally, Deutsche Bank downgraded TIM Participacoes from a buy rating to a hold rating in a research report on Tuesday, January 30th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $21.00.
Shares of TIM Participacoes (NYSE TSU) opened at $21.79 on Friday. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $10,550.85, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 0.68 and a beta of 1.47. TIM Participacoes has a 12-month low of $13.63 and a 12-month high of $22.36.
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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