TIM Participacoes S.A. (NYSE:TSU)‘s stock had its “buy” rating reissued by Barclays PLC in a report issued on Thursday. They currently have a $18.50 price objective on the Wireless communications provider’s stock. Barclays PLC’s price objective suggests a potential upside of 8.50% from the stock’s current price.

Several other analysts have also commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $16.00 price objective on shares of TIM Participacoes in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of TIM Participacoes from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research report on Tuesday, April 25th. Deutsche Bank AG raised shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research report on Wednesday. BidaskClub raised shares of TIM Participacoes from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, J P Morgan Chase & Co raised shares of TIM Participacoes from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $17.48.

Shares of TIM Participacoes (TSU) traded up 1.01% on Thursday, reaching $17.05. 827,972 shares of the company were exchanged. TIM Participacoes has a 12-month low of $11.17 and a 12-month high of $17.28. The firm has a market capitalization of $8.25 billion, a PE ratio of 34.80 and a beta of 1.49. The company’s 50 day moving average is $15.09 and its 200 day moving average is $15.35.

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Hedge funds have recently bought and sold shares of the stock. Comerica Bank raised its stake 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 stake 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 acquired a new stake in TIM Participacoes during the fourth quarter valued at about $925,000. Norges Bank acquired a new stake in TIM Participacoes during the fourth quarter valued at about $787,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in TIM Participacoes during the fourth quarter valued at about $336,000. 19.32% of the stock is currently owned by institutional investors.

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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