TIM Participacoes SA (TSU) Trading Up 2.3%
TIM Participacoes SA (NYSE:TSU) shares were up 2.3% during trading on Thursday . The company traded as high as $10.45 and last traded at $10.38, with a volume of 492,296 shares changing hands. The stock had previously closed at $10.15.
A number of research analysts have recently commented on TSU shares. Zacks Investment Research lowered shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Barclays PLC upped their target price on shares of TIM Participacoes SA from $8.60 to $11.00 and gave the stock an “equal weight” rating in a research report on Friday, April 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.17.
The company has a market capitalization of $5.01 billion and a P/E ratio of 8.55. The stock has a 50-day moving average of $9.92 and a 200 day moving average of $9.52.
The firm also recently declared an annual dividend, which was paid on Friday, June 17th. Shareholders of record on Friday, April 22nd were given a $0.248 dividend. The ex-dividend date of this dividend was Wednesday, April 20th. This is a boost from TIM Participacoes SA’s previous annual dividend of $0.25.
A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in TIM Participacoes SA by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 548,248 shares of the company’s stock valued at $4,654,000 after buying an additional 4,663 shares during the last quarter. New York State Common Retirement Fund increased its position in TIM Participacoes SA by 11.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,158,625 shares of the company’s stock valued at $9,825,000 after buying an additional 121,149 shares during the last quarter. Russell Frank Co increased its position in TIM Participacoes SA by 18.8% in the fourth quarter. Russell Frank Co now owns 1,308,032 shares of the company’s stock valued at $11,236,000 after buying an additional 207,200 shares during the last quarter. Asturias Capital LLC acquired a new position in TIM Participacoes SA during the fourth quarter valued at $24,246,000. Finally, Brandes Investment Partners LP increased its position in TIM Participacoes SA by 8.2% in the fourth quarter. Brandes Investment Partners LP now owns 15,722,644 shares of the company’s stock valued at $133,328,000 after buying an additional 1,188,025 shares during the last quarter.
TIM Participacoes SA is a holding company. The Company provides 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. The Company’s wholly owned subsidiaries include TIM Celular SA, which provides landline telephone services (STFC) – domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (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 (DF).
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