TIM Participacoes (NYSE:TSU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, February 7th. The brokerage presently has a $22.00 price objective on the Wireless communications provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 0.92% from the company’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 subject of a number of other reports. Royal Bank of Canada set a $17.00 price objective on TIM Participacoes and gave the stock a “hold” rating in a research report on Thursday, November 30th. Santander upgraded TIM Participacoes from a “hold” rating to a “buy” rating in a research note on Thursday, December 21st. Deutsche Bank cut TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. UBS Group upgraded TIM Participacoes from a “market perform” rating to an “outperform” rating in a research note on Tuesday, February 6th. Finally, Barclays boosted their price objective on TIM Participacoes from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. TIM Participacoes presently has a consensus rating of “Buy” and a consensus price target of $20.50.
TIM Participacoes (TSU) traded up $0.70 during midday trading on Wednesday, hitting $21.80. The stock had a trading volume of 960,352 shares, compared to its average volume of 986,443. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.05. The stock has a market cap of $10,178.01, a price-to-earnings ratio of 26.95, a PEG ratio of 0.98 and a beta of 1.47. TIM Participacoes has a fifty-two week low of $13.63 and a fifty-two week high of $21.82.
A number of hedge funds have recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its holdings in TIM Participacoes by 75.0% in the third quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 3,000 shares during the last quarter. Aperio Group LLC lifted its position in shares of TIM Participacoes by 7.6% in the third quarter. Aperio Group LLC now owns 52,321 shares of the Wireless communications provider’s stock valued at $956,000 after acquiring an additional 3,679 shares in the last quarter. TCW Group Inc. lifted its position in shares of TIM Participacoes by 4.2% in the third quarter. TCW Group Inc. now owns 144,900 shares of the Wireless communications provider’s stock valued at $2,649,000 after acquiring an additional 5,800 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of TIM Participacoes by 19.8% in the third quarter. SG Americas Securities LLC now owns 40,112 shares of the Wireless communications provider’s stock valued at $733,000 after acquiring an additional 6,630 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of TIM Participacoes in the fourth quarter valued at $144,000. 15.39% of the stock is currently owned by hedge funds and other institutional investors.
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TIM Participacoes Company Profile
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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