TIM Participacoes S.A. (TSU) Receives $19.50 Average Price Target from Brokerages
TIM Participacoes S.A. (NYSE:TSU) has been assigned a consensus rating of “Buy” from the eleven brokerages that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.50.
TSU has been the subject of a number of recent analyst reports. UBS upgraded TIM Participacoes from a “market perform” rating to an “outperform” rating in a research note on Friday, November 24th. Royal Bank of Canada set a $17.00 price objective on TIM Participacoes and gave the company a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research downgraded TIM Participacoes from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Barclays increased their target price on TIM Participacoes from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th.
A number of large investors have recently added to or reduced their stakes in TSU. Vanguard Group Inc. lifted its holdings in TIM Participacoes by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 1,877,902 shares of the Wireless communications provider’s stock worth $30,009,000 after buying an additional 89,491 shares during the last quarter. Aperio Group LLC lifted its holdings in TIM Participacoes by 15.4% during the 2nd quarter. Aperio Group LLC now owns 48,642 shares of the Wireless communications provider’s stock worth $720,000 after buying an additional 6,486 shares during the last quarter. Sei Investments Co. lifted its holdings in TIM Participacoes by 51.4% during the 2nd quarter. Sei Investments Co. now owns 164,920 shares of the Wireless communications provider’s stock worth $2,441,000 after buying an additional 56,004 shares during the last quarter. Global X Management Co. LLC lifted its holdings in TIM Participacoes by 3.6% during the 2nd quarter. Global X Management Co. LLC now owns 7,925 shares of the Wireless communications provider’s stock worth $117,000 after buying an additional 272 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in TIM Participacoes by 8.7% during the 2nd quarter. First Trust Advisors LP now owns 151,650 shares of the Wireless communications provider’s stock worth $2,244,000 after buying an additional 12,155 shares during the last quarter. 15.48% of the stock is currently owned by institutional investors.
The company also recently announced a special dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a dividend of $0.1199 per share. The ex-dividend date was Thursday, November 16th. TIM Participacoes’s dividend payout ratio is presently 25.40%.
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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.
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