TIM Participacoes (TSU) Hits New 1-Year High Following Analyst Upgrade

TIM Participacoes SA (NYSE:TSU) shares hit a new 52-week high during trading on Wednesday after Barclays raised their price target on the stock from $21.00 to $22.00. Barclays currently has an overweight rating on the stock. TIM Participacoes traded as high as $21.96 and last traded at $22.00, with a volume of 1060848 shares traded. The stock had previously closed at $21.10.

A number of other research firms have also issued reports on TSU. Zacks Investment Research raised shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, February 7th. Scotiabank set a $22.00 price objective on shares of TIM Participacoes and gave the company a “hold” rating in a research report on Monday, February 5th. Deutsche Bank lowered shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research report on Tuesday, January 30th. UBS Group raised shares of TIM Participacoes from a “market perform” rating to an “outperform” rating in a research report on Tuesday, February 6th. Finally, Santander raised shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.50.

A number of hedge funds have recently made changes to their positions in the business. Cavalier Investments LLC acquired a new stake in TIM Participacoes during the third quarter worth $420,000. Timber Hill LLC bought a new position in shares of TIM Participacoes during the third quarter valued at $456,000. Northern Trust Corp lifted its holdings in shares of TIM Participacoes by 4.6% during the second quarter. Northern Trust Corp now owns 196,658 shares of the Wireless communications provider’s stock valued at $2,910,000 after acquiring an additional 8,694 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of TIM Participacoes by 35.9% during 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 during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of TIM Participacoes by 28.6% during the third quarter. Daiwa Securities Group Inc. now owns 138,400 shares of the Wireless communications provider’s stock valued at $2,530,000 after acquiring an additional 30,800 shares during the period. Institutional investors own 15.39% of the company’s stock.

The firm has a market capitalization of $10,178.01, a price-to-earnings 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.

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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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