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Shares of TIM Participacoes SA (NYSE:TSU) were the target of a significant drop in short interest during the month of June. As of June 13th, there was short interest totalling 677,332 shares, a drop of 40.4% from the May 30th total of 1,137,204 shares, Analyst Ratings Net reports. Based on an average daily volume of 1,226,041 shares, the short-interest ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are sold short.

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. Five investment analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $25.58.

TIM Participacoes SA (NYSE:TSU) opened at 27.07 on Thursday. TIM Participacoes SA has a one year low of $18.21 and a one year high of $30.52. The stock has a 50-day moving average of $28.39 and a 200-day moving average of $26.66. The company has a market cap of $13.085 billion and a P/E ratio of 18.45.

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

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