TIM Participacoes (NYSE:TSU) Rating Lowered to Strong Sell at ValuEngine

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ValuEngine cut shares of TIM Participacoes (NYSE:TSU) from a sell rating to a strong sell rating in a research report sent to investors on Tuesday morning, ValuEngine reports.

A number of other brokerages also recently commented on TSU. Zacks Investment Research upgraded shares of TIM Participacoes from a sell rating to a hold rating in a research report on Thursday, August 8th. Morgan Stanley downgraded shares of TIM Participacoes from an overweight rating to an equal weight rating and reduced their price objective for the company from $19.00 to $16.00 in a research report on Wednesday, June 5th. TheStreet upgraded shares of TIM Participacoes from a c+ rating to a b- rating in a research report on Monday, July 22nd. Barclays upgraded shares of TIM Participacoes from an equal weight rating to an overweight rating and raised their price objective for the company from $17.00 to $19.00 in a research report on Thursday, August 1st. Finally, BMO Capital Markets reduced their price objective on shares of TIM Participacoes from $33.00 to $32.00 and set a market perform rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. TIM Participacoes has an average rating of Hold and a consensus price target of $21.75.

Shares of TSU opened at $14.21 on Tuesday. TIM Participacoes has a fifty-two week low of $12.79 and a fifty-two week high of $17.68. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 10.37, a price-to-earnings-growth ratio of 3.37 and a beta of 0.89. The firm has a 50-day simple moving average of $15.68 and a 200-day simple moving average of $15.19. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.02 and a current ratio of 1.06.

A number of large investors have recently made changes to their positions in TSU. Quantamental Technologies LLC acquired a new stake in TIM Participacoes in the first quarter valued at about $33,000. US Bancorp DE lifted its position in TIM Participacoes by 68.7% in the second quarter. US Bancorp DE now owns 2,541 shares of the Wireless communications provider’s stock valued at $38,000 after purchasing an additional 1,035 shares during the period. Financial Gravity Wealth Inc. acquired a new stake in TIM Participacoes in the first quarter valued at about $47,000. Quadrant Capital Group LLC lifted its position in TIM Participacoes by 2,095.3% in the first 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 period. Finally, Bartlett & Co. LLC acquired a new stake in TIM Participacoes in the first quarter valued at about $59,000. Hedge funds and other institutional investors own 14.40% of the company’s stock.

About TIM Participacoes

TIM ParticipaƧƵes 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.

See Also: Buy-Side Analysts

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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