TIM Participacoes SA (TSU) Rating Increased to Overweight at Barclays PLC
TIM Participacoes SA (NYSE:TSU) was upgraded by research analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating in a research report issued to clients and investors on Monday. The firm currently has a $15.00 target price on the stock, up from their prior target price of $12.50. Barclays PLC’s price target suggests a potential upside of 10.54% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on TSU. Zacks Investment Research cut shares of TIM Participacoes SA from a “hold” rating to a “sell” rating in a research report on Wednesday, September 14th. RBC Capital Markets cut shares of TIM Participacoes SA from an “outperform” rating to a “sector perform” rating in a research report on Friday, August 5th. Finally, Bank of America Corp. upgraded shares of TIM Participacoes SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $14.00.
Shares of TIM Participacoes SA (NYSE:TSU) opened at 13.57 on Monday. TIM Participacoes SA has a 52-week low of $7.08 and a 52-week high of $13.62. The stock has a market cap of $6.57 billion, a PE ratio of 20.88 and a beta of 1.75. The company’s 50-day moving average is $12.59 and its 200-day moving average is $11.44.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TSU. Macquarie Group Ltd. raised its position in TIM Participacoes SA by 1.7% in the second quarter. Macquarie Group Ltd. now owns 6,767,034 shares of the company’s stock worth $71,396,000 after buying an additional 112,100 shares during the period. Nomura Holdings Inc. purchased a new position in TIM Participacoes SA during the second quarter worth about $682,000. Royal Bank of Canada raised its position in TIM Participacoes SA by 3.9% in the second quarter. Royal Bank of Canada now owns 38,328 shares of the company’s stock worth $404,000 after buying an additional 1,443 shares during the period. Point72 Asset Management L.P. purchased a new position in TIM Participacoes SA during the second quarter worth about $11,524,000. Finally, Highbridge Capital Management LLC purchased a new position in TIM Participacoes SA during the second quarter worth about $709,000. Institutional investors own 20.23% of the company’s stock.
TIM Participacoes SA Company Profile
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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