Shares of TIM Participacoes S.A. (NYSE:TSU) have received a consensus rating of “Buy” from the ten research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $19.00.

Several analysts recently issued reports on TSU shares. TheStreet upgraded shares of TIM Participacoes from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. BidaskClub upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Barclays PLC reissued 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. Deutsche Bank AG raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and increased their price objective for the company from $17.00 to $20.00 in a research note on Wednesday, July 26th. Finally, Zacks Investment Research raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, August 4th.

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A number of large investors have recently modified their holdings of the stock. Acadian Asset Management LLC lifted its stake in TIM Participacoes by 65.4% in the 2nd quarter. Acadian Asset Management LLC now owns 3,321,315 shares of the Wireless communications provider’s stock valued at $49,156,000 after purchasing an additional 1,313,153 shares during the last quarter. Permian Investment Partners LP lifted its stake in TIM Participacoes by 149.1% in the 2nd quarter. Permian Investment Partners LP now owns 2,712,926 shares of the Wireless communications provider’s stock valued at $40,151,000 after purchasing an additional 1,623,726 shares during the last quarter. Morgan Stanley lifted its stake in TIM Participacoes by 365.5% in the 1st quarter. Morgan Stanley now owns 2,046,700 shares of the Wireless communications provider’s stock valued at $32,706,000 after purchasing an additional 1,607,060 shares during the last quarter. Pictet Asset Management Ltd. lifted its stake in TIM Participacoes by 24.4% in the 2nd quarter. Pictet Asset Management Ltd. now owns 2,032,926 shares of the Wireless communications provider’s stock valued at $30,962,000 after purchasing an additional 398,239 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in TIM Participacoes by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 1,877,902 shares of the Wireless communications provider’s stock valued at $30,009,000 after purchasing an additional 89,491 shares during the last quarter. 16.48% of the stock is owned by institutional investors and hedge funds.

TIM Participacoes (NYSE:TSU) traded up 0.84% on Friday, hitting $19.14. 396,455 shares of the stock were exchanged. The company has a 50-day moving average price of $18.53 and a 200 day moving average price of $16.66. TIM Participacoes has a 1-year low of $11.17 and a 1-year high of $19.42. The company has a market capitalization of $9.27 billion, a PE ratio of 32.72 and a beta of 1.55.

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.

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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