Deutsche Bank Lowers TIM Participacoes (TSU) to Hold

TIM Participacoes (NYSE:TSU) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, The Fly reports.

Several other brokerages also recently issued reports on TSU. Zacks Investment Research downgraded TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Royal Bank of Canada set a $17.00 price objective on TIM Participacoes and gave the stock a “hold” rating in a research note on Thursday, November 30th. Barclays increased their price objective on TIM Participacoes from $18.50 to $20.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th. Santander raised TIM Participacoes from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Finally, Scotiabank set a $20.00 price objective on TIM Participacoes and gave the stock a “hold” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. TIM Participacoes presently has an average rating of “Buy” and a consensus price target of $20.00.

TIM Participacoes (NYSE TSU) traded down $0.38 during trading hours on Tuesday, hitting $20.53. The company had a trading volume of 373,877 shares, compared to its average volume of 874,185. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.31 and a quick ratio of 1.29. TIM Participacoes has a fifty-two week low of $13.63 and a fifty-two week high of $21.26. The firm has a market cap of $10,294.22, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 1.01 and a beta of 1.49.

TIM Participacoes (NYSE:TSU) last announced its quarterly earnings data on Tuesday, November 7th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $1.29 billion during the quarter. TIM Participacoes had a return on equity of 5.71% and a net margin of 5.57%. analysts anticipate that TIM Participacoes will post 0.68 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of TSU. Permian Investment Partners LP raised its stake in shares of TIM Participacoes by 149.1% during 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 purchasing an additional 1,623,726 shares in the last quarter. Tremblant Capital Group raised its stake in shares of TIM Participacoes by 15.1% during the 3rd quarter. Tremblant Capital Group now owns 4,618,379 shares of the Wireless communications provider’s stock worth $84,424,000 after purchasing an additional 604,161 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of TIM Participacoes by 35.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,107,897 shares of the Wireless communications provider’s stock worth $20,251,000 after purchasing an additional 292,830 shares in the last quarter. Boussard & Gavaudan Investment Management LLP purchased a new stake in shares of TIM Participacoes during the 4th quarter worth about $3,737,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of TIM Participacoes by 146.7% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 141,346 shares of the Wireless communications provider’s stock worth $2,584,000 after purchasing an additional 84,046 shares in the last quarter. 15.39% of the stock is owned by institutional investors.

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About TIM Participacoes

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.

The Fly

Analyst Recommendations for TIM Participacoes (NYSE:TSU)