Shares of TIM Participacoes SA (NYSE:TSU) saw strong trading volume on Thursday . 1,070,703 shares traded hands during trading, an increase of 9% from the previous session’s volume of 980,856 shares.The stock last traded at $11.85 and had previously closed at $11.52.

Several equities analysts have recently commented on the company. Barclays PLC upped their target price on TIM Participacoes SA from $8.60 to $11.00 and gave the company an “equal weight” rating in a report on Friday, April 1st. Zacks Investment Research lowered TIM Participacoes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. TIM Participacoes SA presently has a consensus rating of “Hold” and an average target price of $14.17.

The firm has a market capitalization of $5.78 billion and a price-to-earnings ratio of 10.34. The stock has a 50-day moving average price of $10.16 and a 200 day moving average price of $9.60.

A number of large investors have recently added to or reduced their stakes in TSU. Brandes Investment Partners LP boosted its stake 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 period. Asturias Capital LLC purchased a new stake in TIM Participacoes SA during the fourth quarter worth about $24,246,000. Russell Frank Co boosted its stake 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 period. New York State Common Retirement Fund boosted its stake 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 period. Finally, Dimensional Fund Advisors LP boosted its stake 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 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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