TIM Participacoes S.A. (TSU) Price Target Raised to $20.00 at Barclays PLC

TIM Participacoes S.A. (NYSE:TSU) had its price target upped by research analysts at Barclays PLC from $18.50 to $20.00 in a research report issued to clients and investors on Monday, October 16th. The brokerage currently has an “overweight” rating on the Wireless communications provider’s stock. Barclays PLC’s price target indicates a potential upside of 7.18% from the company’s previous close.

TSU has been the subject of a number of other research reports. Deutsche Bank AG upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.00 to $20.00 in a research report on Wednesday, July 26th. BidaskClub upgraded shares of TIM Participacoes from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 target price on shares of TIM Participacoes in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, TheStreet upgraded shares of TIM Participacoes from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $19.20.

TIM Participacoes (TSU) opened at 18.66 on Monday. TIM Participacoes has a 52 week low of $11.17 and a 52 week high of $19.42. The company’s 50-day moving average price is $18.58 and its 200 day moving average price is $16.71. The stock has a market capitalization of $9.03 billion, a P/E ratio of 31.90 and a beta of 1.55.

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Large investors have recently added to or reduced their stakes in the company. Global X Management Co. LLC lifted its holdings in shares of TIM Participacoes by 3.6% during the 2nd quarter. Global X Management Co. LLC now owns 7,925 shares of the Wireless communications provider’s stock worth $117,000 after acquiring an additional 272 shares during the period. Picton Mahoney Asset Management bought a new position in shares of TIM Participacoes during the 2nd quarter worth about $120,000. CIBC World Markets Inc. lifted its holdings in shares of TIM Participacoes by 1.9% during the 2nd quarter. CIBC World Markets Inc. now owns 12,886 shares of the Wireless communications provider’s stock worth $191,000 after acquiring an additional 236 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of TIM Participacoes by 135.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 13,928 shares of the Wireless communications provider’s stock worth $198,000 after acquiring an additional 8,000 shares during the period. Finally, Diversified Trust Co bought a new position in shares of TIM Participacoes during the 2nd quarter worth about $256,000. 16.82% 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.

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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