TIM Participacoes SA (TSU) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS
TIM Participacoes SA (NYSE:TSU) issued its quarterly earnings data on Monday. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.04, StockRatingsNetwork.com reports.
Shares of TIM Participacoes SA (NYSE:TSU) opened at 24.11 on Monday. TIM Participacoes SA has a 52-week low of $18.77 and a 52-week high of $30.52. The stock’s 50-day moving average is $26.63 and its 200-day moving average is $26.47. The company has a market cap of $11.654 billion and a price-to-earnings ratio of 17.05.
On a related note, analysts at Zacks downgraded shares of TIM Participacoes SA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 12th. They now have a $31.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, TIM Participacoes SA has an average rating of “Hold” and a consensus target price of $26.60.
TIM Participacoes SA (NYSE:TSU) is a Brazil-based company.
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