TIM Participacoes SA Downgraded by Zacks to Underperform (TSU)
TIM Participacoes SA (NYSE:TSU) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued on Wednesday, AmericanBankingNews.com reports. They currently have a $24.90 target price on the stock. Zacks‘ price objective points to a potential downside of 5.11% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of TIM Participacoes SA from $24.00 to $25.40 in a research note to investors on Tuesday, October 15th. Separately, analysts at UBS AG downgraded shares of TIM Participacoes SA from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 15th. Finally, analysts at Standpoint Research downgraded shares of TIM Participacoes SA from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.83.
TIM Participacoes SA (NYSE:TSU) traded up 0.38% on Wednesday, hitting $26.24. 260,747 shares of the company’s stock traded hands. TIM Participacoes SA has a 1-year low of $16.85 and a 1-year high of $27.41. The stock has a 50-day moving average of $24.89 and a 200-day moving average of $22.41. The company has a market cap of $12.684 billion and a price-to-earnings ratio of 17.48.
TIM Participacoes SA (NYSE:TSU) is a Brazil-based company.
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