Zacks Investment Research Upgrades TIM Participacoes (TSU) to Buy

TIM Participacoes (NYSE:TSU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday, January 12th. The firm presently has a $22.00 target price on the Wireless communications provider’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.39% from the stock’s previous close.

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%. “

TSU has been the topic of a number of other reports. UBS Group upgraded shares of TIM Participacoes from a “market perform” rating to an “outperform” rating in a report on Friday, November 24th. Barclays increased their target price on shares of TIM Participacoes from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. Santander upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Royal Bank of Canada set a $17.00 price target on shares of TIM Participacoes and gave the company a “hold” rating in a research report on Thursday, November 30th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $20.00.

TIM Participacoes (NYSE:TSU) traded down $0.68 during trading on Friday, reaching $19.75. 729,740 shares of the company were exchanged, compared to its average volume of 961,431. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. TIM Participacoes has a 52 week low of $13.63 and a 52 week high of $21.39. The stock has a market capitalization of $9,892.33, a P/E ratio of 31.35, a price-to-earnings-growth ratio of 0.95 and a beta of 1.47.

TIM Participacoes (NYSE:TSU) last posted its quarterly earnings data on Tuesday, November 7th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. The business had revenue of $1.29 billion for the quarter. TIM Participacoes had a net margin of 5.57% and a return on equity of 5.71%. sell-side analysts anticipate that TIM Participacoes will post 0.7 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Aperio Group LLC raised its position in TIM Participacoes by 15.6% during the 4th quarter. Aperio Group LLC now owns 60,501 shares of the Wireless communications provider’s stock worth $1,168,000 after buying an additional 8,180 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in TIM Participacoes during the 4th quarter worth approximately $276,000. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of TIM Participacoes during the 4th quarter worth approximately $3,737,000. Janney Montgomery Scott LLC acquired a new stake in shares of TIM Participacoes during the 3rd quarter worth approximately $202,000. Finally, Jane Street Group LLC grew its stake in shares of TIM Participacoes by 126.9% during the 3rd quarter. Jane Street Group LLC now owns 50,542 shares of the Wireless communications provider’s stock worth $924,000 after purchasing an additional 28,267 shares during the period. 15.42% of the stock is owned by institutional investors.

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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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