Barclays PLC Upgrades TIM Participacoes SA (TSU) to “Overweight”
TIM Participacoes SA (NYSE:TSU) was upgraded by investment analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a research note issued on Monday, The Fly reports.
A number of other brokerages also recently weighed in on TSU. 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. Zacks Investment Research raised shares of TIM Participacoes SA from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a research report on Wednesday, July 20th. Finally, Bank of America Corp. raised shares of TIM Participacoes SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.75.
Shares of TIM Participacoes SA (NYSE:TSU) opened at 13.08 on Monday. The company’s 50 day moving average is $12.55 and its 200-day moving average is $11.40. The firm has a market cap of $6.33 billion, a PE ratio of 20.12 and a beta of 1.75. TIM Participacoes SA has a 12 month low of $7.08 and a 12 month high of $13.52.
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A number of institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in TIM Participacoes SA by 34.9% in the first quarter. Aperio Group LLC now owns 54,938 shares of the company’s stock worth $608,000 after buying an additional 14,219 shares during the period. Ngam Advisors L.P. bought a new position in TIM Participacoes SA during the first quarter worth approximately $402,000. BlackRock Inc. boosted its position in TIM Participacoes SA by 12.8% in the first quarter. BlackRock Inc. now owns 15,085 shares of the company’s stock worth $167,000 after buying an additional 1,714 shares during the period. Credit Agricole S A boosted its position in TIM Participacoes SA by 5.3% in the first quarter. Credit Agricole S A now owns 814,996 shares of the company’s stock worth $9,014,000 after buying an additional 40,849 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in TIM Participacoes SA by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,185,644 shares of the company’s stock worth $13,113,000 after buying an additional 20,325 shares during the period. 20.23% of the stock is owned by hedge funds and other institutional investors.
About TIM Participacoes SA
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.
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