TIM Participacoes (NYSE:TSU) received a $20.00 price target from investment analysts at Royal Bank of Canada in a report released on Friday. The firm currently has a “hold” rating on the Wireless communications provider’s stock. Royal Bank of Canada’s price target would suggest a potential downside of 8.21% from the company’s current price.
Other equities research analysts have also recently issued research reports about the company. Barclays boosted their target price on TIM Participacoes from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Scotiabank set a $22.00 target price on TIM Participacoes and gave the company a “hold” rating in a research note on Monday, February 5th. Zacks Investment Research cut TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. UBS Group upgraded TIM Participacoes from a “market perform” rating to an “outperform” rating in a research note on Friday, November 24th. Finally, Deutsche Bank cut TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Three equities research 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 company. TIM Participacoes currently 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 market capitalization of $10,381.38, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 0.67 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.04. TIM Participacoes has a 12 month low of $13.63 and a 12 month high of $22.36.
Institutional investors have recently made changes to their positions in the company. Cavalier Investments LLC bought a new stake in shares of TIM Participacoes during the 3rd quarter worth approximately $420,000. Timber Hill LLC bought a new stake in shares of TIM Participacoes during the 3rd quarter worth approximately $456,000. Northern Trust Corp raised its stake in shares of TIM Participacoes by 4.6% during the 2nd quarter. Northern Trust Corp now owns 196,658 shares of the Wireless communications provider’s stock worth $2,910,000 after purchasing an additional 8,694 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of TIM Participacoes by 35.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,897 shares of the Wireless communications provider’s stock worth $20,251,000 after purchasing an additional 292,830 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of TIM Participacoes by 28.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 138,400 shares of the Wireless communications provider’s stock worth $2,530,000 after purchasing an additional 30,800 shares in the last quarter. Institutional investors own 15.61% of the company’s stock.
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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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