TIM Participacoes SA Upgraded to “Neutral” at Zacks (TSU)
TIM Participacoes SA (NYSE:TSU) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Tuesday, StockRatingsNetwork reports. The firm currently has a $22.70 price objective on the stock. Zacks‘ target price points to a potential upside of 2.67% from the company’s current price.
Separately, analysts at Citigroup Inc. initiated coverage on shares of TIM Participacoes SA (NYSE:TSU) in a research note to investors on Wednesday, August 7th. They set a “buy” rating on the stock.
Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $23.35.
Shares of TIM Participacoes SA (NYSE:TSU) traded up 2.89% during mid-day trading on Tuesday, hitting $22.75. The stock had a trading volume of 1,489,250 shares. TIM Participacoes SA has a 52 week low of $16.39 and a 52 week high of $22.80. The stock’s 50-day moving average is $19.70 and its 200-day moving average is $20.09. The company has a market cap of $10.997 billion and a price-to-earnings ratio of 14.26.
TIM Participacoes SA (NYSE:TSU) is a Brazil-based company.
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