TIM Participacoes (NYSE:TSU) was upgraded by stock analysts at Santander from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.
Several other equities research analysts have also recently weighed in on the stock. Barclays increased their price objective on shares of TIM Participacoes from $18.50 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, October 16th. UBS upgraded shares of TIM Participacoes from a “market perform” rating to an “outperform” rating in a research report on Friday, November 24th. Zacks Investment Research cut shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. TIM Participacoes presently has a consensus rating of “Buy” and an average target price of $19.60.
TIM Participacoes (TSU) traded up $0.27 during mid-day trading on Thursday, hitting $19.06. 732,600 shares of the stock traded hands, compared to its average volume of 1,077,683. The company has a market capitalization of $9,098.23, a P/E ratio of 29.83, a P/E/G ratio of 1.11 and a beta of 1.49. TIM Participacoes has a 12-month low of $11.35 and a 12-month high of $19.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.31 and a quick ratio of 1.29.
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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.
