TIM Participacoes (NYSE:TSU) Stock Price Crosses Above Fifty Day Moving Average of $14.52

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.

TIM Participacoes (NYSE:TSU) last released its earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.07 earnings per share for the quarter. The firm had revenue of $1.11 billion for the quarter. TIM Participacoes had a return on equity of 12.13% and a net margin of 13.94%. As a group, analysts anticipate that TIM Participacoes SA will post 0.87 earnings per share for the current year.

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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