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TIM Participacoes SA (NYSE:TSU)’s share price reached a new 52-week high on Friday , American Banking & Market News reports. The stock traded as high as $29.54 and last traded at $29.45, with a volume of 2,089,453 shares trading hands. The stock had previously closed at $28.53.

Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of TIM Participacoes SA in a research note on Friday, May 9th. They now have a $24.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating, TIM Participacoes SA currently has a consensus rating of “Hold” and a consensus price target of $25.58.

The stock’s 50-day moving average is $26.94 and its 200-day moving average is $25.92. The company has a market cap of $14.264 billion and a P/E ratio of 19.61.

The company also recently declared a annual dividend, which is scheduled for Wednesday, June 18th. Investors of record on Thursday, May 15th will be given a dividend of $0.3907 per share. This represents a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, May 13th.

TIM Participacoes SA (NYSE:TSU) is a Brazil-based company.

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