TIM Participacoes SA (NYSE:TSU)’s share price was down 3.5% during trading on Monday . The company traded as low as $11.82 and last traded at $11.82, with a volume of 1,005,922 shares. The stock had previously closed at $12.25.

A number of equities analysts have recently commented on TSU shares. Zacks Investment Research cut TIM Participacoes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. 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. One 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. The stock presently has a consensus rating of “Hold” and a consensus price target of $13.88.

The stock has a 50 day moving average price of $10.59 and a 200 day moving average price of $9.79. The firm has a market capitalization of $5.78 billion and a PE ratio of 9.99.

A number of hedge funds 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 worth $133,328,000 after buying an additional 1,188,025 shares during the period. New York State Common Retirement Fund boosted 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 last quarter. Finally, Dimensional Fund Advisors LP boosted 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 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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