TIM Participacoes SA (NYSE:TSU)’s share price fell 2.3% during mid-day trading on Friday . The company traded as low as $11.65 and last traded at $11.67, with a volume of 492,347 shares traded. The stock had previously closed at $11.94.

A number of brokerages recently issued reports on TSU. Barclays PLC lifted their target price on 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 cut TIM Participacoes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. TIM Participacoes SA presently has a consensus rating of “Hold” and a consensus price target of $14.17.

The stock has a market capitalization of $5.70 billion and a PE ratio of 10.07. The stock’s 50 day moving average price is $10.21 and its 200-day moving average price is $9.62.

A number of hedge funds and institutional investors have recently bought and sold shares of TSU. Dimensional Fund Advisors LP increased 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 valued at $4,654,000 after buying an additional 4,663 shares in the last quarter. New York State Common Retirement Fund increased 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 valued at $9,825,000 after buying an additional 121,149 shares in the last quarter. Russell Frank Co increased 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 valued at $11,236,000 after buying an additional 207,200 shares in the last quarter. Asturias Capital LLC purchased a new position in TIM Participacoes SA during the fourth quarter valued at about $24,246,000. Finally, Brandes Investment Partners LP increased 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 valued at $133,328,000 after buying an additional 1,188,025 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).

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.