TIM Participacoes SA (NYSE:TSU) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $14.52 and traded as high as $16.19. TIM Participacoes shares last traded at $16.17, with a volume of 37,874 shares trading hands.
A number of analysts have issued reports on the company. TheStreet downgraded TIM Participacoes from a “b” rating to a “c+” rating in a research note on Tuesday, June 4th. New Street Research raised TIM Participacoes from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Morgan Stanley reaffirmed a “top pick” rating on shares of in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.13.
The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.40. The business has a 50 day moving average of $14.58. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.52 and a beta of 0.91.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSU. Citigroup Inc. bought a new position in shares of TIM Participacoes during the 4th quarter valued at approximately $30,000. Quantamental Technologies LLC bought a new position in shares of TIM Participacoes during the 1st quarter valued at approximately $33,000. Financial Gravity Wealth Inc. bought a new position in shares of TIM Participacoes during the 1st quarter valued at approximately $47,000. Quadrant Capital Group LLC increased its position in shares of TIM Participacoes by 2,095.3% during the 1st quarter. Quadrant Capital Group LLC now owns 3,271 shares of the Wireless communications provider’s stock valued at $48,000 after purchasing an additional 3,122 shares during the last quarter. Finally, Bartlett & Co. LLC bought a new position in shares of TIM Participacoes during the 1st quarter valued at approximately $59,000. 14.72% of the stock is currently owned by hedge funds and other institutional investors.
About TIM Participacoes (NYSE:TSU)
TIM Participações SA provides telecommunication services in Brazil. It offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. The company offers prepaid and postpaid services; corporate solutions for mobile or fixed services, as well as mobile-to-mobile services; value-added services; financial and other services; digital channels; and customer services.
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