Shares of TIM Participacoes SA (NYSE:TSU) saw unusually-strong trading volume on Thursday . Approximately 2,615,826 shares changed hands during mid-day trading, an increase of 150% from the previous session’s volume of 1,046,288 shares.The stock last traded at $12.05 and had previously closed at $12.04.

A number of analysts have recently issued reports on TSU shares. Zacks Investment Research cut TIM Participacoes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, May 25th. Barclays PLC boosted their price objective 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. TIM Participacoes SA presently has an average rating of “Hold” and an average target price of $13.88.

The company has a market cap of $5.84 billion and a price-to-earnings ratio of 10.09. The company’s 50 day moving average is $10.46 and its 200 day moving average is $9.71.

A number of hedge funds and institutional investors recently modified their holdings of TSU. Dimensional Fund Advisors LP boosted its position 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 period. Brandes Investment Partners LP boosted its position 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 period. Finally, New York State Common Retirement Fund boosted its position 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 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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