Shares of TIM Participacoes SA (NYSE:TSU) saw unusually-strong trading volume on Wednesday . Approximately 844,925 shares changed hands during trading, an increase of 7% from the previous session’s volume of 791,647 shares.The stock last traded at $11.91 and had previously closed at $11.95.

Several analysts have recently commented on TSU shares. Zacks Investment Research downgraded shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Bank of America Corp. upgraded shares of TIM Participacoes SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. Barclays PLC raised their price objective on shares of TIM Participacoes SA from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. Finally, RBC Capital Markets downgraded shares of TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. TIM Participacoes SA presently has an average rating of “Hold” and a consensus price target of $12.33.

The stock’s 50 day moving average price is $12.74 and its 200 day moving average price is $11.18. The company has a market cap of $5.85 billion, a P/E ratio of 19.17 and a beta of 1.60.

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Institutional investors have recently made changes to their positions in the stock. World Asset Management Inc boosted its position in shares of TIM Participacoes SA by 8.1% in the second quarter. World Asset Management Inc now owns 29,968 shares of the company’s stock valued at $316,000 after buying an additional 2,258 shares in the last quarter. Ngam Advisors L.P. boosted its position in shares of TIM Participacoes SA by 14.7% in the second quarter. Ngam Advisors L.P. now owns 41,749 shares of the company’s stock valued at $440,000 after buying an additional 5,359 shares in the last quarter. CIBC World Markets Inc. boosted its position in shares of TIM Participacoes SA by 16.3% in the second quarter. CIBC World Markets Inc. now owns 14,717 shares of the company’s stock valued at $155,000 after buying an additional 2,067 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of TIM Participacoes SA by 61.4% in the first quarter. Panagora Asset Management Inc. now owns 53,569 shares of the company’s stock valued at $592,000 after buying an additional 20,371 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of TIM Participacoes SA by 4.0% in the first quarter. Legal & General Group Plc now owns 228,695 shares of the company’s stock valued at $2,528,000 after buying an additional 8,700 shares in the last quarter.

TIM Participacoes SA Company Profile

TIM Participacoes SA (TIM) is a provider of mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District.

5 Day Chart for NYSE:TSU

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