Standpoint Research Downgrades TIM Participacoes SA to Hold (TSU)
TIM Participacoes SA (NYSE:TSU) was downgraded by analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. The analysts noted that the move was a valuation call.
Shares of TIM Participacoes SA (NYSE:TSU) traded down 0.18% during mid-day trading on Monday, hitting $27.14. 1,423,543 shares of the company’s stock traded hands. TIM Participacoes SA has a 52-week low of $16.39 and a 52-week high of $27.25. The stock’s 50-day moving average is $22.71 and its 200-day moving average is $20.52. The company has a market cap of $13.119 billion and a P/E ratio of 17.54.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus downgraded shares of TIM Participacoes SA from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 25th. They now have a $25.00 price target on the stock. Separately, analysts at Zacks upgraded shares of TIM Participacoes SA from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 10th. They now have a $22.70 price target on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of TIM Participacoes SA in a research note to investors on Wednesday, August 7th. They set a “buy” rating on the stock. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. TIM Participacoes SA has an average rating of “Hold” and a consensus target price of $23.90.
TIM Participacoes SA (NYSE:TSU) is a Brazil-based company.
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