Shares of TIM Participacoes S.A. (NYSE:TSU) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $16.80.

Several research firms have issued reports on TSU. BidaskClub cut shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Barclays PLC boosted their price objective on shares of TIM Participacoes from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, May 2nd. Royal Bank Of Canada restated a “hold” rating and issued a $16.00 price target on shares of TIM Participacoes in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Tuesday, April 25th. Finally, J P Morgan Chase & Co upgraded shares of TIM Participacoes from a “neutral” rating to an “overweight” rating in a report on Thursday, May 25th.

Several hedge funds and other institutional investors have recently bought and sold shares of TSU. Comerica Bank raised its position in 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 position in 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 purchased a new position in TIM Participacoes during the fourth quarter valued at approximately $925,000. AQR Capital Management LLC raised its position in TIM Participacoes by 49.1% in the fourth quarter. AQR Capital Management LLC now owns 362,316 shares of the Wireless communications provider’s stock valued at $4,275,000 after buying an additional 119,384 shares during the period. Finally, Putnam Investments LLC raised its position in TIM Participacoes by 8.9% in the fourth quarter. Putnam Investments LLC now owns 55,200 shares of the Wireless communications provider’s stock valued at $651,000 after buying an additional 4,500 shares during the period. Hedge funds and other institutional investors own 19.29% of the company’s stock.

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Shares of TIM Participacoes (NYSE TSU) traded up 0.77% on Friday, reaching $15.67. 177,708 shares of the company traded hands. The firm has a market capitalization of $7.59 billion, a P/E ratio of 33.34 and a beta of 1.49. The stock has a 50-day moving average price of $14.84 and a 200 day moving average price of $14.85. TIM Participacoes has a 1-year low of $10.50 and a 1-year high of $16.81.

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.

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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