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. The stock had previously closed at $13.17.

A number of equities analysts have recently issued reports on the company. RBC Capital Markets downgraded TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 5th. Barclays PLC lifted their target price on TIM Participacoes SA from $11.50 to $12.50 and gave the stock an “equal weight” rating in a report on Wednesday, July 27th. Zacks Investment Research upgraded TIM Participacoes SA from a “sell” rating to a “hold” rating and set a $13.00 target price for the company in a report on Wednesday, July 20th. Finally, Bank of America Corp. upgraded 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, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $12.33.

The company’s 50 day moving average price is $12.07 and its 200 day moving average price is $10.41. The stock has a market capitalization of $6.37 billion and a PE ratio of 19.77.

A hedge fund recently raised its stake in TIM Participacoes SA stock. Dimensional Fund Advisors LP boosted its position in TIM Participacoes SA (NYSE:TSU) by 0.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 0.11% of TIM Participacoes SA worth $4,654,000 at the end of the most recent quarter.

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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