TIM Participacoes SA (NYSE:TSU) has been assigned an average rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $22.33.
TSU has been the topic of a number of recent analyst reports. Morgan Stanley downgraded shares of TIM Participacoes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $19.00 to $16.00 in a research note on Wednesday, June 5th. Barclays raised shares of TIM Participacoes from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $17.00 to $19.00 in a research note on Thursday, August 1st. ValuEngine downgraded shares of TIM Participacoes from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 20th. New Street Research raised shares of TIM Participacoes from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th. Finally, TheStreet raised shares of TIM Participacoes from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd.
Several institutional investors have recently modified their holdings of TSU. Morgan Stanley grew its holdings in shares of TIM Participacoes by 888.8% in the second quarter. Morgan Stanley now owns 1,817,793 shares of the Wireless communications provider’s stock worth $27,212,000 after purchasing an additional 1,633,949 shares during the last quarter. Numen Capital LLP bought a new position in shares of TIM Participacoes in the second quarter worth approximately $14,258,000. Pictet Asset Management Ltd. grew its holdings in shares of TIM Participacoes by 42.1% in the first quarter. Pictet Asset Management Ltd. now owns 2,753,100 shares of the Wireless communications provider’s stock worth $8,341,000 after purchasing an additional 815,748 shares during the last quarter. Capital Growth Management LP bought a new position in shares of TIM Participacoes in the second quarter worth approximately $6,587,000. Finally, Marshall Wace LLP grew its holdings in shares of TIM Participacoes by 196.1% in the first quarter. Marshall Wace LLP now owns 590,852 shares of the Wireless communications provider’s stock worth $8,909,000 after purchasing an additional 391,274 shares during the last quarter. Hedge funds and other institutional investors own 13.96% of the company’s stock.
Shares of TIM Participacoes stock traded down $0.05 on Friday, reaching $14.23. The stock had a trading volume of 20,936 shares, compared to its average volume of 840,985. TIM Participacoes has a 1 year low of $12.79 and a 1 year high of $17.68. The company has a market cap of $7.09 billion, a P/E ratio of 10.39, a price-to-earnings-growth ratio of 2.60 and a beta of 0.90. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $14.88 and its two-hundred day moving average is $14.98.
TIM Participacoes (NYSE:TSU) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.07. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. TIM Participacoes had a net margin of 23.66% and a return on equity of 12.16%. On average, equities analysts anticipate that TIM Participacoes will post 0.95 EPS for the current fiscal year.
TIM Participacoes Company Profile
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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