Somewhat Positive Press Coverage Somewhat Unlikely to Impact TIM Participacoes (TSU) Stock Price
Media headlines about TIM Participacoes (NYSE:TSU) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. TIM Participacoes earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave headlines about the Wireless communications provider an impact score of 46.0377138713438 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of TIM Participacoes (TSU) opened at 17.86 on Friday. The firm’s 50-day moving average is $17.31 and its 200-day moving average is $16.02. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 30.53 and a beta of 1.52. TIM Participacoes has a 1-year low of $11.17 and a 1-year high of $18.44.
TSU has been the subject of a number of analyst reports. J P Morgan Chase & Co raised shares of TIM Participacoes from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 25th. BidaskClub lowered shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research lowered shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. Deutsche Bank AG raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $20.00 in a research note on Wednesday, July 26th. Finally, Barclays PLC reaffirmed a “buy” rating and set a $18.50 price objective (up from $17.50) on shares of TIM Participacoes in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $18.90.
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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