TIM Participacoes S.A. (NYSE:TSU) Upgraded by Deutsche Bank AG to Buy
Deutsche Bank AG upgraded shares of TIM Participacoes S.A. (NYSE:TSU) from a hold rating to a buy rating in a report issued on Wednesday morning. They currently have $20.00 price objective on the Wireless communications provider’s stock, up from their previous price objective of $17.00.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of TIM Participacoes from a hold rating to a strong-buy rating and set a $19.00 price objective for the company in a research report on Tuesday, April 25th. Royal Bank Of Canada reissued a hold rating and issued a $16.00 price objective on shares of TIM Participacoes in a research report on Wednesday, May 3rd. BidaskClub raised shares of TIM Participacoes from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Barclays PLC increased their price objective on shares of TIM Participacoes from $17.00 to $18.00 and gave the stock an overweight rating in a research report on Tuesday, May 2nd. Finally, J P Morgan Chase & Co raised shares of 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 assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $17.98.
TIM Participacoes (NYSE:TSU) opened at 17.08 on Wednesday. The firm has a 50 day moving average of $15.23 and a 200 day moving average of $15.39. The firm has a market cap of $8.27 billion, a P/E 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.
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A number of large investors have recently added to or reduced their stakes in TSU. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in TIM Participacoes during the first quarter worth $200,000. Diversified Trust Co purchased a new stake in TIM Participacoes during the second quarter worth $256,000. AXA purchased a new stake in TIM Participacoes during the first quarter worth $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 purchased a new stake in TIM Participacoes during the first quarter worth $405,000. 19.32% of the stock is 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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