TIM Participacoes SA (TSU) Stock Price Down 2.3%
TIM Participacoes SA (NYSE:TSU)’s share price was down 2.3% during mid-day trading on Friday . The stock traded as low as $12.64 and last traded at $12.72, with a volume of 756,724 shares changing hands. The stock had previously closed at $13.02.
Several equities analysts have issued reports on TSU shares. Bank of America Corp. raised shares of TIM Participacoes SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 26th. Barclays PLC boosted 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 research note on Wednesday, July 27th. Zacks Investment Research raised shares of TIM Participacoes SA from a “sell” rating to a “hold” rating and set a $13.00 price objective on the stock in a research note on Wednesday, July 20th. Finally, RBC Capital Markets cut shares of TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. TIM Participacoes SA currently has an average rating of “Hold” and an average price target of $12.33.
The company has a market cap of $6.22 billion and a P/E ratio of 20.09. The company has a 50 day moving average of $11.35 and a 200 day moving average of $10.08.
A hedge fund recently raised its stake in TIM Participacoes SA stock. New York State Common Retirement Fund raised its stake in shares of TIM Participacoes SA (NYSE:TSU) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,158,625 shares of the company’s stock after buying an additional 121,149 shares during the period. New York State Common Retirement Fund owned approximately 0.24% of TIM Participacoes SA worth $9,825,000 as of its most recent filing with the SEC.
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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