TIM Participacoes S.A. (NYSE:TSU) has earned an average recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.50.
TSU has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of TIM Participacoes from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Morgan Stanley reissued an “overweight” rating and issued a $20.00 price target on shares of TIM Participacoes in a report on Monday, August 14th. Royal Bank Of Canada set a $17.00 price target on shares of TIM Participacoes and gave the stock a “hold” rating in a report on Thursday, November 30th. Barclays increased their price target on shares of TIM Participacoes from $18.50 to $20.00 and gave the stock an “overweight” rating in a report on Monday, October 16th. Finally, UBS raised shares of TIM Participacoes from a “market perform” rating to an “outperform” rating in a report on Friday, November 24th.
Shares of TIM Participacoes (NYSE TSU) traded up $0.16 during trading on Monday, hitting $18.25. 584,200 shares of the stock were exchanged, compared to its average volume of 1,093,196. TIM Participacoes has a 52-week low of $11.17 and a 52-week high of $19.50. The stock has a market capitalization of $8,836.76, a P/E ratio of 28.97, a price-to-earnings-growth ratio of 1.18 and a beta of 1.49. 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 also recently declared a special dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.1199 dividend. The ex-dividend date was Thursday, November 16th. TIM Participacoes’s payout ratio is 25.40%.
A number of institutional investors and hedge funds have recently made changes to their positions in TSU. Global X Management Co. LLC raised its stake in TIM Participacoes by 3.6% in the second quarter. Global X Management Co. LLC now owns 7,925 shares of the Wireless communications provider’s stock valued at $117,000 after purchasing an additional 272 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in TIM Participacoes in the second quarter valued at approximately $120,000. Asset Management One Co. Ltd. raised its stake in TIM Participacoes by 75.0% in the third 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. CIBC World Markets Inc. raised its stake in TIM Participacoes by 1.9% in the second 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, Janney Montgomery Scott LLC purchased a new stake in TIM Participacoes in the third quarter valued at approximately $202,000. 15.48% of the stock is currently owned by institutional investors and hedge funds.
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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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