TIM Participacoes (NYSE:TSU) had its price target raised by research analysts at Barclays from $21.00 to $22.00 in a research report issued on Tuesday. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. Barclays’ price target would suggest a potential upside of 5.31% from the stock’s current price.
A number of other equities analysts have also recently issued reports on the stock. Royal Bank of Canada set a $17.00 price objective on shares of TIM Participacoes and gave the stock a “hold” rating in a research report on Thursday, November 30th. UBS Group upgraded shares of TIM Participacoes from a “market perform” rating to an “outperform” rating in a research report on Friday, November 24th. Santander upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Scotiabank set a $20.00 price objective on shares of TIM Participacoes and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. TIM Participacoes currently has an average rating of “Buy” and an average price target of $20.50.
Shares of TIM Participacoes (TSU) traded down $0.13 during trading on Tuesday, hitting $20.89. 157,638 shares of the stock were exchanged, compared to its average volume of 986,542. TIM Participacoes has a 12 month low of $13.63 and a 12 month high of $21.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.05. The company has a market cap of $10,023.06, a P/E ratio of 26.78, a PEG ratio of 0.96 and a beta of 1.47.
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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