TIM Participacoes (TSU) Downgraded by Deutsche Bank

Deutsche Bank cut shares of TIM Participacoes (NYSE:TSU) from a buy rating to a hold rating in a research note released on Tuesday, January 30th, MarketBeat Ratings reports.

TSU has been the subject of several other research reports. Royal Bank of Canada set a $17.00 price objective on shares of TIM Participacoes and gave the stock a hold rating in a report on Thursday, November 30th. Zacks Investment Research lowered shares of TIM Participacoes from a buy rating to a hold rating in a report on Wednesday, October 11th. Santander raised shares of TIM Participacoes from a hold rating to a buy rating in a report on Thursday, December 21st. UBS Group raised shares of TIM Participacoes from a market perform rating to an outperform rating in a report on Friday, November 24th. Finally, Barclays raised their price objective 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. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. TIM Participacoes currently has a consensus rating of Buy and an average target price of $20.50.

Shares of TIM Participacoes (NYSE TSU) opened at $22.10 on Tuesday. The firm has a market cap of $10,178.01, a P/E ratio of 26.95, a PEG ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.05. TIM Participacoes has a fifty-two week low of $13.63 and a fifty-two week high of $22.36.

Several institutional investors have recently modified their holdings of TSU. Picton Mahoney Asset Management acquired a new stake in shares of TIM Participacoes in the second quarter valued at approximately $120,000. Asset Management One Co. Ltd. boosted its stake 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 acquiring an additional 3,000 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in TIM Participacoes in the fourth quarter valued at approximately $144,000. Janney Montgomery Scott LLC bought a new position in TIM Participacoes in the third quarter valued at approximately $202,000. Finally, Trexquant Investment LP bought a new position in TIM Participacoes in the third quarter valued at approximately $261,000. 15.39% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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