TIM Brasil (TSU) Hits New 1-Year High and Low at $22.76

TIM Brasil (NYSE:TSU) shares reached a new 52-week high and low during trading on Wednesday . The company traded as low as $22.76 and last traded at $22.81, with a volume of 622077 shares. The stock had previously closed at $21.93.

A number of research firms have recently commented on TSU. Barclays increased their target price on shares of TIM Brasil from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Monday. Goldman Sachs started coverage on TIM Brasil in a research note on Tuesday, April 3rd. They issued a “buy” rating for the company. Royal Bank of Canada set a $22.00 price objective on TIM Brasil and gave the company a “hold” rating in a research note on Friday, March 9th. Zacks Investment Research raised TIM Brasil from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, February 7th. Finally, UBS raised TIM Brasil from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $21.42.

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The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market cap of $10,434.64, a PE ratio of 28.45, a P/E/G ratio of 0.64 and a beta of 1.36.

TIM Brasil (NYSE:TSU) last released its quarterly earnings data on Monday, February 5th. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter. TIM Brasil had a return on equity of 6.90% and a net margin of 7.56%. The company had revenue of $1.31 billion during the quarter. equities research analysts predict that TIM Brasil will post 1.01 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in TIM Brasil by 17.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 21,584 shares of the Wireless communications provider’s stock valued at $417,000 after purchasing an additional 3,206 shares during the period. Jane Street Group LLC increased its position in TIM Brasil by 60.3% during the 4th quarter. Jane Street Group LLC now owns 80,996 shares of the Wireless communications provider’s stock valued at $1,602,000 after purchasing an additional 30,454 shares during the period. Millennium Management LLC increased its position in TIM Brasil by 6.0% during the 4th quarter. Millennium Management LLC now owns 497,093 shares of the Wireless communications provider’s stock valued at $9,599,000 after purchasing an additional 28,141 shares during the period. OLD Mission Capital LLC acquired a new stake in TIM Brasil during the 4th quarter valued at approximately $1,307,000. Finally, Goldman Sachs Group Inc. increased its position in TIM Brasil by 4.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,582,896 shares of the Wireless communications provider’s stock valued at $30,566,000 after purchasing an additional 64,390 shares during the period. 14.99% of the stock is owned by institutional investors and hedge funds.

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TIM Brasil 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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