Shares of TIM Participacoes SA (NYSE:TSU) have been assigned a consensus rating of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $21.20.
A number of equities research analysts have weighed in on the company. Royal Bank of Canada set a $20.00 target price on TIM Participacoes and gave the stock a “hold” rating in a research report on Friday. Barclays upped their target price on TIM Participacoes from $21.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Zacks Investment Research upgraded 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 Wednesday, February 7th. UBS Group upgraded TIM Participacoes from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Finally, Scotiabank set a $22.00 price objective on TIM Participacoes and gave the company a “hold” rating in a research report on Monday, February 5th.
Large investors have recently made changes to their positions in the company. Cavalier Investments LLC acquired a new stake in shares of TIM Participacoes during the 3rd quarter valued at $420,000. Timber Hill LLC acquired a new stake in shares of TIM Participacoes during the 3rd quarter valued at $456,000. Northern Trust Corp lifted its position in shares of TIM Participacoes by 4.6% during the 2nd quarter. Northern Trust Corp now owns 196,658 shares of the Wireless communications provider’s stock valued at $2,910,000 after acquiring an additional 8,694 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of TIM Participacoes by 28.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 138,400 shares of the Wireless communications provider’s stock valued at $2,530,000 after acquiring an additional 30,800 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position 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 valued at $20,251,000 after acquiring an additional 292,830 shares during the last quarter. Institutional investors own 15.61% of the company’s stock.
TIM Participacoes (TSU) traded down $0.35 on Friday, reaching $21.75. The company’s stock had a trading volume of 424,974 shares, compared to its average volume of 1,002,621. The firm has a market capitalization of $10,550.85, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 0.68 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.04. TIM Participacoes has a 12-month low of $13.63 and a 12-month high of $22.36.
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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.
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