Shares of TIM Participacoes SA (NYSE:TSU) rose 2.1% during mid-day trading on Wednesday . The company traded as high as $11.29 and last traded at $11.25, with a volume of 302,619 shares changing hands. The stock had previously closed at $11.02.

TSU has been the topic of a number of recent research reports. Zacks Investment Research downgraded TIM Participacoes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Barclays PLC lifted their target price on TIM Participacoes SA from $8.60 to $11.00 and gave the company an “equal weight” rating in a research report on Friday, April 1st. Two equities 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 has an average rating of “Hold” and a consensus target price of $14.17.

The company has a 50-day moving average price of $10.03 and a 200-day moving average price of $9.57. The firm has a market capitalization of $5.58 billion and a price-to-earnings ratio of 9.97.

Other hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of 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 period. Brandes Investment Partners LP boosted its stake in shares of 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 period. Asturias Capital LLC purchased a new stake in shares of TIM Participacoes SA during the fourth quarter worth approximately $24,246,000. New York State Common Retirement Fund boosted its stake in shares of 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 period. Finally, Russell Frank Co boosted its stake in shares of 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 period.

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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