TheStreet upgraded shares of TIM Participacoes S.A. (NYSE:TSU) from a c rating to a b- rating in a research report released on Wednesday morning.
Other equities research analysts also recently issued reports about the stock. Barclays PLC reaffirmed a buy rating and set a $18.50 target price (up from $17.50) on shares of TIM Participacoes in a research note on Thursday. Zacks Investment Research upgraded shares of TIM Participacoes from a hold rating to a strong-buy rating and set a $19.00 price target for the company in a report on Tuesday, April 25th. Royal Bank Of Canada reiterated a hold rating and set a $16.00 price target on shares of TIM Participacoes in a report on Wednesday, May 3rd. BidaskClub upgraded shares of TIM Participacoes from a buy rating to a strong-buy rating in a report on Wednesday, July 12th. Finally, Deutsche Bank AG upgraded shares of TIM Participacoes from a hold rating to a buy rating and boosted their price target for the stock from $17.00 to $20.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $17.98.
Shares of TIM Participacoes (TSU) opened at 17.08 on Wednesday. The stock’s 50 day moving average is $15.23 and its 200-day moving average is $15.39. The company has a market cap of $8.27 billion, a P/E ratio of 34.86 and a beta of 1.49. TIM Participacoes has a 12 month low of $11.17 and a 12 month high of $17.28.
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A number of hedge funds and other institutional investors have recently bought and sold shares of TSU. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in TIM Participacoes during the first quarter valued at approximately $200,000. Diversified Trust Co purchased a new position in TIM Participacoes during the second quarter valued at approximately $256,000. AXA purchased a new position in TIM Participacoes during the first quarter valued at approximately $329,000. Daiwa Securities Group Inc. boosted its position in TIM Participacoes by 117.5% in the first quarter. Daiwa Securities Group Inc. now owns 24,800 shares of the Wireless communications provider’s stock valued at $396,000 after buying an additional 13,400 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP purchased a new position in TIM Participacoes during the first quarter valued at approximately $405,000. Institutional investors own 19.32% of the company’s stock.
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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