TIM Participacoes S.A. (TSU) Short Interest Down 29.6% in September
TIM Participacoes S.A. (NYSE:TSU) was the recipient of a significant decline in short interest during the month of September. As of September 15th, there was short interest totalling 694,483 shares, a decline of 29.6% from the August 31st total of 986,544 shares. Based on an average trading volume of 983,377 shares, the short-interest ratio is currently 0.7 days.
Several research analysts have commented on the company. Deutsche Bank AG raised TIM Participacoes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $20.00 in a research note on Wednesday, July 26th. Royal Bank Of Canada set a $16.00 price target on shares of TIM Participacoes and gave the company a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, August 4th. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of TIM Participacoes in a report on Monday, August 14th. Finally, BidaskClub raised shares of TIM Participacoes from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. TIM Participacoes has an average rating of “Buy” and an average target price of $18.90.
TIM Participacoes (NYSE:TSU) opened at 18.85 on Wednesday. The firm has a market cap of $9.12 billion, a PE ratio of 32.22 and a beta of 1.55. The firm has a 50-day moving average price of $18.24 and a 200-day moving average price of $16.42. TIM Participacoes has a one year low of $11.17 and a one year high of $19.20.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp purchased a new position in TIM Participacoes in the first quarter worth $674,000. Sei Investments Co. bought a new position in TIM Participacoes in the first quarter valued at $1,740,000. State of Wisconsin Investment Board bought a new position in TIM Participacoes in the first quarter valued at $1,127,000. AXA bought a new position in TIM Participacoes in the first quarter valued at $329,000. Finally, Wellington Management Group LLP bought a new position in TIM Participacoes in the first quarter valued at $2,907,000. 16.48% of the stock is owned by institutional investors.
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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