TIM Participacoes SA (NYSE:TSU) saw unusually-high trading volume on Thursday . Approximately 2,615,826 shares changed hands during 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.

TSU has been the topic of several research reports. Zacks Investment Research lowered TIM Participacoes SA from a “hold” rating to a “sell” rating in a research note on Wednesday, May 25th. Barclays PLC raised their price target on 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.88.

The company has a market cap of $5.93 billion and a P/E ratio of 10.25. The firm’s 50 day moving average price is $10.53 and its 200 day moving average price is $9.74.

A number of institutional investors recently added to or reduced their stakes in TSU. Dimensional Fund Advisors LP raised 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 worth $4,654,000 after buying an additional 4,663 shares during the period. New York State Common Retirement Fund raised 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 worth $9,825,000 after buying an additional 121,149 shares during the period. Finally, Brandes Investment Partners LP raised 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 worth $133,328,000 after buying an additional 1,188,025 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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