TIM Participacoes S.A. (NYSE:TSU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “TIM PARTICIPAÇÕES S.A. is a holding company, the single company in Brazil to offer mobile cellular service throughout the Brazilian territory, by means of its subsidiaries TIM Celular S.A. and TIM Nordeste S.A. The company is the largest GSM (Global System for Mobile communications) operator of the country, in terms of clients and revenues and TIM Participações ended the 3Q08 with 35.2 million clients and a market share of 25%. “

A number of other research analysts also recently issued reports on TSU. Barclays PLC restated a “buy” rating and issued a $18.50 price objective (up previously from $17.50) on shares of TIM Participacoes in a research note on Thursday, July 27th. Royal Bank Of Canada set a $16.00 price objective on TIM Participacoes and gave the company a “hold” rating in a research note on Monday, July 31st. TheStreet upgraded TIM Participacoes from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. BidaskClub upgraded TIM Participacoes from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $20.00 price target on shares of TIM Participacoes in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.90.

TIM Participacoes (NYSE:TSU) traded up 0.891% during trading on Wednesday, reaching $18.675. 486,890 shares of the company’s stock were exchanged. The firm’s 50-day moving average price is $18.33 and its 200-day moving average price is $16.50. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 60.242 and a beta of 1.55. TIM Participacoes has a 12 month low of $11.17 and a 12 month high of $19.21.

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Several hedge funds have recently bought and sold shares of TSU. Quantitative Systematic Strategies grew its stake in shares of TIM Participacoes by 27.4% during the 4th quarter. Quantitative Systematic Strategies now owns 117,470 shares of the Wireless communications provider’s stock worth $1,008,000 after acquiring an additional 25,260 shares during the period. Global Thematic Partners LLC grew its stake in shares of TIM Participacoes by 49.7% during the 4th quarter. Global Thematic Partners LLC now owns 4,976,247 shares of the Wireless communications provider’s stock worth $42,199,000 after acquiring an additional 1,653,089 shares during the period. Russell Frank Co grew its stake in shares of TIM Participacoes by 18.8% during the 4th quarter. Russell Frank Co now owns 1,308,032 shares of the Wireless communications provider’s stock worth $11,236,000 after acquiring an additional 207,200 shares during the period. New York State Common Retirement Fund grew its stake in shares of TIM Participacoes by 11.7% during the 4th quarter. New York State Common Retirement Fund now owns 1,158,625 shares of the Wireless communications provider’s stock worth $9,825,000 after acquiring an additional 121,149 shares during the period. Finally, Asturias Capital LLC bought a new position in shares of TIM Participacoes during the 4th quarter worth $24,246,000. Institutional investors own 16.48% of the company’s stock.

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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Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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