Zacks Investment Research upgraded shares of TIM Participacoes (NYSE:TSU) from a sell rating to a hold rating in a report released on Thursday morning.

According to Zacks, “TIM PARTICIPAÇÕES S.A. is a holding company, the single company in Brazil to offer mobile cellular service throughout the Brazilian territory, by means of its subsidiaries TIM Celular S.A. and TIM Nordeste S.A. The company is the largest GSM (Global System for Mobile communications) operator of the country, in terms of clients and revenues and TIM Participações ended the 3Q08 with 35.2 million clients and a market share of 25%. “

Several other equities analysts also recently issued reports on the stock. Barclays cut their price objective on shares of TIM Participacoes from $18.00 to $16.00 and set a hold rating on the stock in a report on Monday, October 1st. Credit Suisse Group upgraded shares of TIM Participacoes from a neutral rating to an outperform rating in a report on Monday, August 20th. ValuEngine upgraded shares of TIM Participacoes from a sell rating to a hold rating in a report on Monday, October 8th. HSBC upgraded shares of TIM Participacoes from a reduce rating to a hold rating in a report on Thursday, August 9th. Finally, TheStreet upgraded shares of TIM Participacoes from a c+ rating to a b rating in a report on Monday, December 3rd. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. TIM Participacoes presently has a consensus rating of Hold and an average target price of $18.63.

TSU opened at $14.87 on Thursday. TIM Participacoes has a 52-week low of $13.82 and a 52-week high of $23.11. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.90 and a current ratio of 0.93. The stock has a market cap of $7.20 billion, a PE ratio of 18.59, a P/E/G ratio of 0.82 and a beta of 1.02.

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in TIM Participacoes in the 3rd quarter worth approximately $173,000. Greenleaf Trust acquired a new position in TIM Participacoes in the 2nd quarter worth approximately $192,000. Verition Fund Management LLC acquired a new position in TIM Participacoes in the 2nd quarter worth approximately $218,000. Regal Investment Advisors LLC acquired a new position in TIM Participacoes in the 3rd quarter worth approximately $219,000. Finally, FMR LLC acquired a new position in TIM Participacoes in the 3rd quarter worth approximately $380,000. Institutional investors own 14.92% of the company’s stock.

TIM Participacoes Company Profile

TIM Participações SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

Recommended Story: Technical Analysis of Stocks and What It Means

Get a free copy of the Zacks research report on TIM Participacoes (TSU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

Receive News & Ratings for TIM Participacoes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM Participacoes and related companies with MarketBeat.com's FREE daily email newsletter.