Santander upgraded shares of TIM Participacoes (NYSE:TSU) from a hold rating to a buy rating in a research report report published on Thursday, December 21st, The Fly reports.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of 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 target on shares of TIM Participacoes and gave the company a hold rating in a report on Thursday, November 30th. UBS Group upgraded shares of TIM Participacoes from a market perform rating to an outperform rating in a report on Friday, November 24th. Finally, Barclays lifted their price target on shares of TIM Participacoes from $20.00 to $21.00 and gave the company an overweight rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. TIM Participacoes currently has a consensus rating of Buy and an average target price of $20.00.
TIM Participacoes (NYSE TSU) opened at $19.96 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.29 and a current ratio of 1.31. TIM Participacoes has a one year low of $12.93 and a one year high of $20.48. The firm has a market cap of $9,621.17, a price-to-earnings ratio of 31.68, a P/E/G ratio of 0.94 and a beta of 1.49.
Several institutional investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in shares of TIM Participacoes in the 3rd quarter worth about $202,000. Jane Street Group LLC increased its holdings in shares of TIM Participacoes by 126.9% in the 3rd quarter. Jane Street Group LLC now owns 50,542 shares of the Wireless communications provider’s stock worth $924,000 after buying an additional 28,267 shares during the last quarter. Permian Investment Partners LP increased its holdings in shares of TIM Participacoes by 2.8% in the 3rd quarter. Permian Investment Partners LP now owns 2,789,081 shares of the Wireless communications provider’s stock worth $50,984,000 after buying an additional 76,155 shares during the last quarter. Tremblant Capital Group grew its holdings in 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 valued at $84,424,000 after purchasing an additional 604,161 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its holdings in TIM Participacoes by 75.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 3,000 shares during the last quarter. Hedge funds and other institutional investors own 15.48% of the company’s stock.
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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.
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