TIM Participacoes S.A. (NYSE:TSU) Raised to “B-” at TheStreet
Several other research analysts have also recently issued reports on TSU. Zacks Investment Research cut TIM Participacoes from a strong-buy rating to a hold rating in a research report on Wednesday, April 12th. Barclays PLC increased their price objective on TIM Participacoes from $17.00 to $18.00 and gave the stock an overweight rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada reiterated a hold rating and issued a $16.00 price objective on shares of TIM Participacoes in a research report on Wednesday, May 3rd. J P Morgan Chase & Co raised TIM Participacoes from a neutral rating to an overweight rating in a report on Thursday, May 25th. Finally, BidaskClub lowered TIM Participacoes from a buy rating to a hold rating in a report on Saturday, June 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $17.98.
Shares of TIM Participacoes (NYSE:TSU) opened at 17.08 on Wednesday. The firm has a market cap of $8.27 billion, a PE ratio of 28.71 and a beta of 1.49. TIM Participacoes has a 1-year low of $11.17 and a 1-year high of $17.28. The company has a 50-day moving average of $15.23 and a 200-day moving average of $15.39.
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Hedge funds have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in TIM Participacoes during the first quarter worth approximately $200,000. Diversified Trust Co bought a new stake in TIM Participacoes during the second quarter worth approximately $256,000. AXA bought a new stake in TIM Participacoes during the first quarter worth approximately $329,000. Daiwa Securities Group Inc. raised its stake in TIM Participacoes by 117.5% in the first quarter. Daiwa Securities Group Inc. now owns 24,800 shares of the Wireless communications provider’s stock worth $396,000 after buying an additional 13,400 shares during the last quarter. Finally, Boussard & Gavaudan Investment Management LLP bought a new stake in TIM Participacoes during the first quarter worth approximately $405,000. 19.32% of the stock is currently owned by institutional investors and hedge funds.
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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