Goldman Sachs Initiates Coverage on TIM Brasil (TSU)

Equities researchers at Goldman Sachs initiated coverage on shares of TIM Brasil (NYSE:TSU) in a research note issued on Tuesday, MarketBeat.com reports. The brokerage set a “buy” rating on the Wireless communications provider’s stock.

Several other research firms also recently weighed in on TSU. Deutsche Bank downgraded TIM Brasil from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. UBS upgraded TIM Brasil from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Santander upgraded TIM Brasil from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Royal Bank of Canada set a $20.00 target price on TIM Brasil and gave the stock a “hold” rating in a research report on Friday, February 23rd. Finally, Scotiabank set a $20.00 target price on TIM Brasil and gave the stock a “hold” rating in a research report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $21.33.

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Shares of NYSE:TSU opened at $21.49 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.28. TIM Brasil has a 52-week low of $13.63 and a 52-week high of $22.73. The firm has a market capitalization of $10,405.59, a PE ratio of 27.55, a P/E/G ratio of 0.64 and a beta of 1.36.

TIM Brasil (NYSE:TSU) last issued its quarterly earnings data on Monday, February 5th. The Wireless communications provider reported $0.38 earnings per share (EPS) for the quarter. TIM Brasil had a return on equity of 6.90% and a net margin of 7.56%. The business had revenue of $1.31 billion for the quarter. equities analysts anticipate that TIM Brasil will post 1.01 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Asset Management One Co. Ltd. lifted its position in TIM Brasil by 75.0% during the third quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 3,000 shares during the period. Tower Research Capital LLC TRC purchased a new position in TIM Brasil during the fourth quarter worth about $144,000. Janney Montgomery Scott LLC purchased a new position in shares of TIM Brasil in the 3rd quarter worth about $202,000. Trexquant Investment LP purchased a new position in shares of TIM Brasil in the 3rd quarter worth about $261,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of TIM Brasil in the 4th quarter worth about $276,000. Hedge funds and other institutional investors own 14.99% of the company’s stock.

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TIM Brasil 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 Brasil (NYSE:TSU)

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