TIM Participacoes SA (TSU) Trading 1.2% Higher
TIM Participacoes SA (NYSE:TSU) shares traded up 1.2% during trading on Wednesday . The stock traded as high as $12.91 and last traded at $12.81, with a volume of 439,115 shares. The stock had previously closed at $12.66.
Several research analysts have recently commented on the company. RBC Capital Markets lowered 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 research 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 research report on Wednesday, July 20th. Finally, Bank of America Corp. upgraded TIM Participacoes SA from a “neutral” rating to a “buy” rating in a research report on Tuesday, July 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.33.
The stock has a 50 day moving average of $12.60 and a 200 day moving average of $10.77. The company has a market cap of $6.25 billion and a price-to-earnings ratio of 20.03.
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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