Shares of TIM Participacoes SA (NYSE:TSU) were up 2.1% on Wednesday . The company traded as high as $11.29 and last traded at $11.25, with a volume of 302,619 shares. The stock had previously closed at $11.02.

TSU has been the subject of several research analyst reports. Zacks Investment Research cut shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a research note 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 company an “equal weight” rating in a research note on Friday, April 1st. Two investment 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. The stock has an average rating of “Hold” and an average target price of $14.17.

The stock’s 50 day moving average is $10.16 and its 200 day moving average is $9.60. The firm has a market cap of $5.78 billion and a PE ratio of 10.34.

Other large investors have made changes to their positions in the company. Dimensional Fund Advisors LP increased 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 valued at $4,654,000 after buying an additional 4,663 shares in the last quarter. Brandes Investment Partners LP increased 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 valued at $133,328,000 after buying an additional 1,188,025 shares in the last quarter. Asturias Capital LLC acquired a new stake in shares of TIM Participacoes SA during the fourth quarter valued at about $24,246,000. New York State Common Retirement Fund increased 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 valued at $9,825,000 after buying an additional 121,149 shares in the last quarter. Finally, Russell Frank Co increased 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 valued at $11,236,000 after buying an additional 207,200 shares in 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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