TIM Participacoes SA (NYSE:TSU) shares were down 2.3% during trading on Friday . The stock traded as low as $12.64 and last traded at $12.72, with a volume of 756,724 shares traded. The stock had previously closed at $13.02.

Several research firms have recently issued reports on TSU. Barclays PLC increased their price objective on shares of TIM Participacoes SA from $11.50 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, July 27th. Zacks Investment Research cut shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a report on Wednesday, May 25th. RBC Capital Markets cut shares of TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a report on Friday. Finally, Bank of America Corp. upgraded shares of TIM Participacoes SA from a “neutral” rating to a “buy” rating in a report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.25.

The firm has a market capitalization of $6.22 billion and a price-to-earnings ratio of 20.25. The company’s 50 day moving average is $11.35 and its 200-day moving average is $10.08.

An institutional investor recently raised its position in TIM Participacoes SA stock. Dimensional Fund Advisors LP raised its position in TIM Participacoes SA (NYSE:TSU) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 548,248 shares of the company’s stock after buying an additional 4,663 shares during the period. Dimensional Fund Advisors LP owned 0.11% of TIM Participacoes SA worth $4,654,000 at the end of the most recent 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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