TIM Participacoes SA (NYSE:TSU) rose 3.8% on Tuesday . The company traded as high as $12.81 and last traded at $12.39, with a volume of 1,554,064 shares changing hands. The stock had previously closed at $11.94.

TSU has been the topic of a number of analyst reports. Barclays PLC raised their price objective on shares of TIM Participacoes SA from $8.60 to $11.00 and gave the company an “equal weight” rating in a report on Friday, April 1st. Zacks Investment Research lowered shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. Finally, Bank of America Corp. upgraded shares of TIM Participacoes SA from a “neutral” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $13.88.

The company has a 50 day moving average of $10.59 and a 200 day moving average of $9.79. The company has a market cap of $6.09 billion and a PE ratio of 10.62.

Other institutional investors have modified their holdings of the company. Brandes Investment Partners LP raised 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 last quarter. New York State Common Retirement Fund raised 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 last quarter. Finally, Dimensional Fund Advisors LP raised 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 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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