TIM Participacoes (TSU) Upgraded by Zacks Investment Research to “Buy”

TIM Participacoes (NYSE:TSU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The firm presently has a $22.00 target price on the Wireless communications provider’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 10.22% from the company’s current price.

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%. “

Several other equities analysts have also commented on TSU. Barclays upped their target price on TIM Participacoes from $18.50 to $20.00 and gave the company an “overweight” rating in a report on Monday, October 16th. UBS Group raised TIM Participacoes from a “market perform” rating to an “outperform” rating in a report on Friday, November 24th. Royal Bank of Canada set a $17.00 target price on TIM Participacoes and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Santander raised TIM Participacoes from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. TIM Participacoes presently has an average rating of “Buy” and an average target price of $20.00.

TIM Participacoes (NYSE:TSU) traded up $0.09 during trading hours on Friday, hitting $19.96. The stock had a trading volume of 537,309 shares, compared to its average volume of 881,400. The company has a market capitalization of $9,710.00, a price-to-earnings ratio of 31.19, a PEG ratio of 0.88 and a beta of 1.50. TIM Participacoes has a 52 week low of $12.93 and a 52 week high of $20.48. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.31 and a quick ratio of 1.29.

Hedge funds have recently modified their holdings of the stock. Cavalier Investments LLC bought a new position in TIM Participacoes in the 3rd quarter worth approximately $420,000. Timber Hill LLC bought a new position in TIM Participacoes in the 3rd quarter worth approximately $456,000. Northern Trust Corp grew its holdings in TIM Participacoes by 4.6% in the 2nd quarter. Northern Trust Corp now owns 196,658 shares of the Wireless communications provider’s stock worth $2,910,000 after buying an additional 8,694 shares in the last quarter. Permian Investment Partners LP grew its holdings 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 worth $40,151,000 after buying an additional 1,623,726 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in TIM Participacoes by 28.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 138,400 shares of the Wireless communications provider’s stock worth $2,530,000 after buying an additional 30,800 shares in the last quarter. 15.48% of the stock is owned by institutional investors and hedge funds.

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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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