Barclays PLC reissued their buy rating on shares of TIM Participacoes S.A. (NYSE:TSU) in a report released on Thursday morning. They currently have a $18.50 price objective on the Wireless communications provider’s stock, up from their prior price objective of $17.50.

Other equities research analysts have also recently issued reports about the company. Royal Bank Of Canada restated a hold rating and set a $16.00 target price on shares of TIM Participacoes in a research report on Wednesday, May 3rd. Zacks Investment Research upgraded TIM Participacoes from a hold rating to a strong-buy rating and set a $19.00 target price on the stock in a research report on Tuesday, April 25th. BidaskClub upgraded TIM Participacoes from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Deutsche Bank AG upgraded TIM Participacoes from a hold rating to a buy rating and raised their target price for the company from $17.00 to $20.00 in a research report on Wednesday, July 26th. Finally, J P Morgan Chase & Co upgraded TIM Participacoes from a neutral rating to an overweight rating in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. TIM Participacoes currently has a consensus rating of Buy and an average price target of $17.98.

Shares of TIM Participacoes (TSU) traded down 0.41% during trading on Thursday, hitting $17.01. The stock had a trading volume of 118,429 shares. The firm has a market cap of $8.23 billion, a P/E ratio of 28.59 and a beta of 1.49. The firm has a 50 day moving average price of $15.23 and a 200 day moving average price of $15.39. TIM Participacoes has a 12-month low of $11.17 and a 12-month high of $17.28.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of TIM Participacoes by 9.4% in the fourth quarter. State Street Corp now owns 375,146 shares of the Wireless communications provider’s stock worth $4,426,000 after buying an additional 32,085 shares in the last quarter. Credit Suisse AG raised its position in shares of TIM Participacoes by 101.8% in the first quarter. Credit Suisse AG now owns 8,438,870 shares of the Wireless communications provider’s stock worth $134,852,000 after buying an additional 4,257,537 shares in the last quarter. Comerica Bank raised its position in shares of TIM Participacoes by 12.1% in the fourth quarter. Comerica Bank now owns 28,412 shares of the Wireless communications provider’s stock worth $370,000 after buying an additional 3,060 shares in the last quarter. Norges Bank bought a new position in shares of TIM Participacoes during the fourth quarter worth $787,000. Finally, Morgan Stanley raised its position in shares of TIM Participacoes by 365.5% in the first quarter. Morgan Stanley now owns 2,046,700 shares of the Wireless communications provider’s stock worth $32,706,000 after buying an additional 1,607,060 shares in the last quarter. 19.39% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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