TIM Participacoes S.A. (TSU) Stock Rating Upgraded by UBS AG
TIM Participacoes S.A. (NYSE:TSU) was upgraded by analysts at UBS AG from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Friday.
Several other analysts have also issued reports on the stock. Barclays PLC upped their target price on shares of TIM Participacoes from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Morgan Stanley restated an “overweight” rating and set a $20.00 price target on shares of TIM Participacoes in a research report on Monday, August 14th. Finally, Royal Bank Of Canada set a $16.00 price target on shares of TIM Participacoes and gave the company a “hold” rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $19.40.
Shares of TIM Participacoes (TSU) opened at $19.18 on Friday. TIM Participacoes has a one year low of $11.17 and a one year high of $19.50. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.34. The stock has a market cap of $9,078.86, a price-to-earnings ratio of 29.76, a PEG ratio of 1.24 and a beta of 1.51.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tremblant Capital Group lifted its holdings in shares of TIM Participacoes by 15.1% in the third quarter. Tremblant Capital Group now owns 4,618,379 shares of the Wireless communications provider’s stock worth $84,424,000 after buying an additional 604,161 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of TIM Participacoes by 65.4% in the second quarter. Acadian Asset Management LLC now owns 3,321,315 shares of the Wireless communications provider’s stock worth $49,156,000 after buying an additional 1,313,153 shares in the last quarter. Permian Investment Partners LP lifted its holdings in shares of TIM Participacoes by 2.8% in the third quarter. Permian Investment Partners LP now owns 2,789,081 shares of the Wireless communications provider’s stock worth $50,984,000 after buying an additional 76,155 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in shares of TIM Participacoes by 24.4% in the second quarter. Pictet Asset Management Ltd. now owns 2,032,926 shares of the Wireless communications provider’s stock worth $30,962,000 after buying an additional 398,239 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of TIM Participacoes by 5.0% in the first 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 in the last quarter. 16.63% of the stock is currently owned by institutional investors and hedge funds.
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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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