TIM Participacoes S.A. (TSU) Receives Consensus Rating of “Buy” from Brokerages
Shares of TIM Participacoes S.A. (NYSE:TSU) have earned a consensus rating of “Buy” from the ten analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $18.18.
Several equities analysts have recently weighed in on TSU shares. J P Morgan Chase & Co raised TIM Participacoes from a “neutral” rating to an “overweight” rating in a report on Thursday, May 25th. Deutsche Bank AG raised TIM Participacoes from a “hold” rating to a “buy” rating and increased their price target for the company from $17.00 to $20.00 in a report on Wednesday, July 26th. Royal Bank Of Canada set a $16.00 price target on TIM Participacoes and gave the company a “hold” rating in a report on Monday, July 31st. Zacks Investment Research raised TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday. Finally, TheStreet raised TIM Participacoes from a “c” rating to a “b-” rating in a report on Wednesday, July 26th.
Large investors have recently bought and sold shares of the company. Global X Management Co. LLC raised its stake in TIM Participacoes by 3.6% in the second quarter. Global X Management Co. LLC now owns 7,925 shares of the Wireless communications provider’s stock valued at $117,000 after buying an additional 272 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in TIM Participacoes by 135.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,928 shares of the Wireless communications provider’s stock valued at $198,000 after buying an additional 8,000 shares during the period. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in TIM Participacoes during the first quarter valued at approximately $200,000. Diversified Trust Co bought a new stake in TIM Participacoes during the second quarter valued at approximately $256,000. Finally, AXA bought a new stake in TIM Participacoes during the first quarter valued at approximately $329,000. Hedge funds and other institutional investors own 19.49% of the company’s stock.
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Shares of TIM Participacoes (NYSE TSU) traded down 0.11% during mid-day trading on Tuesday, hitting $17.53. The company had a trading volume of 414,121 shares. The firm has a 50-day moving average price of $15.39 and a 200-day moving average price of $15.49. TIM Participacoes has a 52 week low of $11.17 and a 52 week high of $17.63. The firm has a market capitalization of $8.49 billion, a PE ratio of 29.46 and a beta of 1.52.
TIM Participacoes 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.
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