Shares of TIM Participacoes SA (NYSE:TSU) saw strong trading volume on Thursday . 1,070,703 shares changed hands during mid-day 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.

A number of equities research analysts have commented on the stock. Barclays PLC lifted 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. Zacks Investment Research downgraded shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.17.

The firm has a 50-day moving average of $10.21 and a 200 day moving average of $9.62. The firm has a market cap of $5.70 billion and a price-to-earnings ratio of 10.07.

Several large investors have made changes to their positions in the company. 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 valued at $133,328,000 after buying an additional 1,188,025 shares during the last quarter. Asturias Capital LLC acquired a new stake in shares of TIM Participacoes SA during the fourth quarter valued at $24,246,000. 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 valued at $11,236,000 after buying an additional 207,200 shares during the last quarter. 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 valued at $9,825,000 after buying an additional 121,149 shares during the last quarter. Finally, 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 valued at $4,654,000 after buying an additional 4,663 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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