TIM Participacoes S.A. (NYSE:TSU) Receives Consensus Recommendation of “Buy” from Analysts
Shares of TIM Participacoes S.A. (NYSE:TSU) have earned a consensus recommendation of “Buy” from the ten research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $18.18.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of TIM Participacoes from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research note on Tuesday, April 25th. Royal Bank Of Canada reissued a “hold” rating and set a $16.00 target price on shares of TIM Participacoes in a research note on Wednesday, May 3rd. BidaskClub raised shares of TIM Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Barclays PLC boosted their target price on shares of TIM Participacoes from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 2nd. Finally, TheStreet raised shares of TIM Participacoes from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th.
TIM Participacoes (NYSE TSU) traded down 0.11% on Tuesday, hitting $17.53. 414,121 shares of the company’s stock traded hands. TIM Participacoes has a one year low of $11.17 and a one year high of $17.63. The stock has a market cap of $8.49 billion, a PE ratio of 29.46 and a beta of 1.52. The stock has a 50-day moving average of $15.39 and a 200-day moving average of $15.49.
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A number of hedge funds have recently made changes to their positions in TSU. Credit Suisse AG boosted its stake in shares of TIM Participacoes by 101.8% in the first quarter. Credit Suisse AG now owns 8,438,870 shares of the Wireless communications provider’s stock valued at $134,852,000 after buying an additional 4,257,537 shares in the last quarter. Axiom International Investors LLC DE acquired a new stake in shares of TIM Participacoes during the first quarter valued at about $53,256,000. Acadian Asset Management LLC boosted its stake in shares of TIM Participacoes by 10,668.2% in the first quarter. Acadian Asset Management LLC now owns 2,008,162 shares of the Wireless communications provider’s stock valued at $32,090,000 after buying an additional 1,989,513 shares in the last quarter. Morgan Stanley boosted its stake in shares of TIM Participacoes by 365.5% in the first quarter. Morgan Stanley now owns 2,046,700 shares of the Wireless communications provider’s stock valued at $32,706,000 after buying an additional 1,607,060 shares in the last quarter. Finally, Permian Investment Partners LP acquired a new stake in shares of TIM Participacoes during the first quarter valued at about $17,405,000. 19.49% of the stock is owned by institutional investors.
About TIM Participacoes
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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