TIM Participacoes (TSU) Boosted at TheStreet

TIM Participacoes (TSU) Boosted  at TheStreet

TheStreet upgraded shares of TIM Participacoes (NYSE:TSU) from a c+ rating to a b rating in a research note issued to investors on Monday.

Several other brokerages have also issued reports on TSU. Barclays set a $19.00 target price on TIM Participacoes and gave the stock a hold rating in a research note on Thursday, November 8th. ValuEngine raised TIM Participacoes from a sell rating to a hold rating in a research note on Monday, October 8th. HSBC raised TIM Participacoes from a reduce rating to a hold rating in a research note on Thursday, August 9th. Zacks Investment Research lowered TIM Participacoes from a buy rating to a hold rating in a research note on Thursday, August 23rd. Finally, Credit Suisse Group raised TIM Participacoes from a neutral rating to an outperform rating in a research note on Monday, August 20th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $18.63.

Shares of TSU opened at $15.06 on Monday. The company has a market capitalization of $7.40 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 0.84 and a beta of 1.02. The company has a quick ratio of 0.90, a current ratio of 0.93 and a debt-to-equity ratio of 0.16. TIM Participacoes has a 1 year low of $13.82 and a 1 year high of $23.11.

Large investors have recently added to or reduced their stakes in the company. Greenleaf Trust purchased a new stake in shares of TIM Participacoes during the second quarter valued at approximately $192,000. Rehmann Capital Advisory Group boosted its stake in shares of TIM Participacoes by 1,503.7% during the third quarter. Rehmann Capital Advisory Group now owns 11,418 shares of the Wireless communications provider’s stock valued at $788,000 after purchasing an additional 10,706 shares during the period. Jane Street Group LLC purchased a new stake in shares of TIM Participacoes during the third quarter valued at approximately $173,000. Verition Fund Management LLC purchased a new stake in shares of TIM Participacoes during the second quarter valued at approximately $218,000. Finally, Regal Investment Advisors LLC purchased a new stake in shares of TIM Participacoes during the third quarter valued at approximately $219,000. 14.92% of the stock is owned by hedge funds and other institutional investors.

About TIM Participacoes

TIM Participações SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

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