TIM Participacoes SA (TSU) Shares Up 1.2%
TIM Participacoes SA (NYSE:TSU)’s share price shot up 1.2% during mid-day trading on Wednesday . The stock traded as high as $12.91 and last traded at $12.81, with a volume of 439,115 shares trading hands. The stock had previously closed at $12.66.
Several research firms have recently issued reports on TSU. Zacks Investment Research cut TIM Participacoes SA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Bank of America Corp. upgraded TIM Participacoes SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. RBC Capital Markets lowered TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 5th. Finally, Barclays PLC lifted their price target on TIM Participacoes SA from $11.50 to $12.50 and gave the company an “equal weight” rating in a research report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.33.
The firm’s 50 day moving average is $12.69 and its 200-day moving average is $10.80. The stock has a market cap of $6.26 billion and a P/E ratio of 20.06.
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.