Shares of TIM Participacoes SA (NYSE:TSU) have received an average rating of “Buy” from the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $21.20.
TSU has been the subject of a number of analyst reports. Royal Bank of Canada set a $17.00 price objective on TIM Participacoes and gave the company a “hold” rating in a report on Thursday, November 30th. UBS Group raised TIM Participacoes from a “market perform” rating to an “outperform” rating in a report on Friday, November 24th. Santander upgraded TIM Participacoes from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Barclays raised their target price on TIM Participacoes from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, Deutsche Bank lowered TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th.
Several large investors have recently made changes to their positions in TSU. Asset Management One Co. Ltd. increased its stake in shares of 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 buying an additional 3,000 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of TIM Participacoes in the fourth quarter valued at $144,000. Janney Montgomery Scott LLC acquired a new stake in shares of TIM Participacoes in the third quarter valued at $202,000. Trexquant Investment LP acquired a new stake in shares of TIM Participacoes in the third quarter valued at $261,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of TIM Participacoes in the fourth quarter valued at $276,000. Institutional investors own 15.61% of the company’s stock.
Shares of TIM Participacoes (NYSE TSU) traded up $0.35 during midday trading on Friday, hitting $21.79. The company’s stock had a trading volume of 1,134,918 shares, compared to its average volume of 1,088,726. The company has a market capitalization of $10,381.38, a PE ratio of 27.94, a PEG ratio of 0.67 and a beta of 1.47. TIM Participacoes has a 12 month low of $13.63 and a 12 month high of $22.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.05.
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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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