TIM Participacoes S.A. (NYSE:TSU) had its target price increased by Barclays PLC from $18.50 to $20.00 in a research report report published on Monday morning. The firm currently has an overweight rating on the Wireless communications provider’s stock.

TSU has been the topic of a number of other research reports. Zacks Investment Research downgraded shares of TIM Participacoes from a buy rating to a hold rating in a research report on Wednesday, October 11th. Deutsche Bank AG raised shares of TIM Participacoes from a hold rating to a buy rating and lifted their price objective for the stock from $17.00 to $20.00 in a research report on Wednesday, July 26th. Royal Bank Of Canada set a $16.00 price objective on shares of TIM Participacoes and gave the stock a hold rating in a research report on Monday, July 31st. Morgan Stanley reaffirmed an overweight rating and issued a $20.00 price objective on shares of TIM Participacoes in a research report on Monday, August 14th. Finally, BidaskClub raised shares of TIM Participacoes from a hold rating to a buy rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. TIM Participacoes presently has an average rating of Buy and a consensus target price of $19.20.

TIM Participacoes (NYSE:TSU) opened at 19.22 on Monday. The company has a market cap of $9.30 billion, a P/E ratio of 32.85 and a beta of 1.55. TIM Participacoes has a 52 week low of $11.17 and a 52 week high of $19.28. The stock has a 50 day moving average of $18.47 and a 200 day moving average of $16.62.

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A number of hedge funds have recently added to or reduced their stakes in TSU. Credit Suisse AG boosted its stake in TIM Participacoes by 101.8% in the 1st quarter. Credit Suisse AG now owns 8,438,870 shares of the Wireless communications provider’s stock worth $134,852,000 after purchasing an additional 4,257,537 shares in the last quarter. Permian Investment Partners LP boosted its stake in TIM Participacoes by 149.1% in the 2nd quarter. Permian Investment Partners LP now owns 2,712,926 shares of the Wireless communications provider’s stock worth $40,151,000 after purchasing an additional 1,623,726 shares in the last quarter. Morgan Stanley boosted its stake in TIM Participacoes by 365.5% in the 1st quarter. Morgan Stanley now owns 2,046,700 shares of the Wireless communications provider’s stock worth $32,706,000 after purchasing an additional 1,607,060 shares in the last quarter. Acadian Asset Management LLC boosted its stake in TIM Participacoes by 65.4% in the 2nd quarter. Acadian Asset Management LLC now owns 3,321,315 shares of the Wireless communications provider’s stock worth $49,156,000 after purchasing an additional 1,313,153 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in TIM Participacoes by 95.9% in the 1st quarter. Bank of America Corp DE now owns 1,853,449 shares of the Wireless communications provider’s stock worth $29,617,000 after purchasing an additional 907,440 shares in the last quarter. Institutional investors own 16.48% of the company’s stock.

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.

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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