TIM Participacoes SA (TSU) Trading Up 2.3%
TIM Participacoes SA (NYSE:TSU) shares were up 2.3% on Thursday . The stock traded as high as $10.45 and last traded at $10.38, with a volume of 492,296 shares. The stock had previously closed at $10.15.
Several research analysts have recently weighed in on TSU shares. Barclays PLC increased their price objective on shares of TIM Participacoes SA from $8.60 to $11.00 and gave the stock an “equal weight” rating in a report on Friday, April 1st. Zacks Investment Research lowered shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. TIM Participacoes SA presently has a consensus rating of “Hold” and an average price target of $14.17.
The stock has a 50 day moving average price of $9.95 and a 200-day moving average price of $9.53. The firm has a market capitalization of $5.24 billion and a PE ratio of 9.21.
The company also recently announced an annual dividend, which was paid on Friday, June 17th. Investors of record on Friday, April 22nd were issued a dividend of $0.248 per share. This is a positive change from TIM Participacoes SA’s previous annual dividend of $0.25. The ex-dividend date of this dividend was Wednesday, April 20th.
Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised 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 worth $4,654,000 after buying an additional 4,663 shares during the last quarter. New York State Common Retirement Fund raised 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 worth $9,825,000 after buying an additional 121,149 shares during the last quarter. Russell Frank Co raised 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 worth $11,236,000 after buying an additional 207,200 shares during the last quarter. Asturias Capital LLC purchased a new position in TIM Participacoes SA during the fourth quarter worth about $24,246,000. Finally, Brandes Investment Partners LP raised 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 worth $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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.