TIM Participacoes SA (NYSE:TSU)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $13.51 and last traded at $13.38, with a volume of 418,909 shares trading hands. The stock had previously closed at $13.17.

A number of brokerages recently issued reports on TSU. Zacks Investment Research downgraded TIM Participacoes SA from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Bank of America Corp. raised TIM Participacoes SA from a “neutral” rating to a “buy” rating in a report on Tuesday, July 26th. RBC Capital Markets downgraded TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a report on Friday, August 5th. Finally, Barclays PLC upped their price target on TIM Participacoes SA from $11.50 to $12.50 and gave the company an “equal weight” rating in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. TIM Participacoes SA presently has a consensus rating of “Hold” and a consensus target price of $12.33.

The stock has a market capitalization of $6.43 billion and a P/E ratio of 19.97. The firm’s 50 day moving average price is $11.87 and its 200 day moving average price is $10.36.

A hedge fund recently raised its stake in TIM Participacoes SA stock. Dimensional Fund Advisors LP increased its stake in shares of TIM Participacoes SA (NYSE:TSU) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the SEC.

TIM Participacoes SA (TIM) is a provider of 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. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (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.

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