TIM Participacoes S.A. (TSU) Given Average Rating of “Buy” by Brokerages
Shares of TIM Participacoes S.A. (NYSE:TSU) have been assigned a consensus recommendation of “Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $17.35.
Several equities research analysts have recently weighed in on TSU shares. Zacks Investment Research lowered TIM Participacoes from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 12th. Barclays PLC raised their target price on TIM Participacoes from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada reissued a “hold” rating and set a $16.00 target price on shares of TIM Participacoes in a research report on Wednesday, May 3rd. J P Morgan Chase & Co raised TIM Participacoes from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 25th. Finally, BidaskClub lowered TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th.
Large investors have recently modified their holdings of the company. Russell Investments Group Ltd. acquired a new stake in shares of TIM Participacoes during the fourth quarter valued at $11,237,000. Comerica Bank raised its stake in shares of TIM Participacoes by 12.1% in the fourth quarter. Comerica Bank now owns 28,412 shares of the Wireless communications provider’s stock valued at $370,000 after buying an additional 3,060 shares during the period. State Street Corp raised its stake in shares of TIM Participacoes by 9.4% in the fourth quarter. State Street Corp now owns 375,146 shares of the Wireless communications provider’s stock valued at $4,426,000 after buying an additional 32,085 shares during the period. FMR LLC acquired a new stake in shares of TIM Participacoes during the fourth quarter valued at $925,000. Finally, First Allied Advisory Services Inc. acquired a new stake in shares of TIM Participacoes during the fourth quarter valued at $146,000. 19.29% of the stock is currently owned by institutional investors and hedge funds.
Shares of TIM Participacoes (NYSE TSU) traded up 1.25% during trading on Monday, reaching $14.58. 696,110 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $15.22 and a 200 day moving average price of $14.68. The company has a market capitalization of $7.06 billion, a P/E ratio of 30.38 and a beta of 1.54. TIM Participacoes has a 12-month low of $9.18 and a 12-month high of $16.81.
The firm also recently announced an annual dividend, which will be paid on Monday, June 26th. Stockholders of record on Monday, April 24th will be given a dividend of $0.079 per share. This represents a dividend yield of 0.62%. The ex-dividend date is Thursday, April 20th. TIM Participacoes’s dividend payout ratio (DPR) is presently 17.02%.
About TIM Participacoes
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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