TIM Participacoes (NYSE:TSU) had its price objective raised by Barclays from $21.00 to $22.00 in a research note published on Tuesday morning. The firm currently has an overweight rating on the Wireless communications provider’s stock.
TSU has been the topic of several other research reports. Royal Bank of Canada set a $17.00 price target on shares of TIM Participacoes and gave the company a hold rating in a report on Thursday, November 30th. Deutsche Bank lowered shares of TIM Participacoes from a buy rating to a hold rating in a report on Tuesday, January 30th. Santander upgraded shares of TIM Participacoes from a hold rating to a buy rating in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of TIM Participacoes from a hold rating to a buy rating and set a $22.00 price target on the stock in a report on Wednesday, February 7th. Finally, UBS Group upgraded shares of TIM Participacoes from a market perform rating to an outperform rating in a report on Friday, November 24th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. TIM Participacoes currently has an average rating of Buy and an average price target of $20.50.
TIM Participacoes (NYSE:TSU) opened at $21.73 on Tuesday. The firm has a market cap of $10,575.06, a PE ratio of 28.00, a PEG ratio of 1.02 and a beta of 1.47. TIM Participacoes has a 1-year low of $13.63 and a 1-year high of $22.36. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28.
A number of hedge funds and other institutional investors have recently bought and sold shares of TSU. BlackRock Inc. raised its holdings in TIM Participacoes by 29.8% in the fourth quarter. BlackRock Inc. now owns 5,308,568 shares of the Wireless communications provider’s stock valued at $102,508,000 after buying an additional 1,219,843 shares during the period. Renaissance Technologies LLC grew its position in TIM Participacoes by 77.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,075,200 shares of the Wireless communications provider’s stock valued at $40,072,000 after acquiring an additional 907,300 shares in the last quarter. Tremblant Capital Group grew its position in TIM Participacoes by 15.1% in the third quarter. Tremblant Capital Group now owns 4,618,379 shares of the Wireless communications provider’s stock valued at $84,424,000 after acquiring an additional 604,161 shares in the last quarter. Russell Investments Group Ltd. grew its position in TIM Participacoes by 35.9% in the third quarter. Russell Investments Group Ltd. now owns 1,107,897 shares of the Wireless communications provider’s stock valued at $20,251,000 after acquiring an additional 292,830 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP acquired a new stake in TIM Participacoes in the fourth quarter valued at approximately $3,737,000. Hedge funds and other institutional investors own 15.39% of the company’s stock.
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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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