Barclays PLC upgraded shares of TIM Participacoes SA (NYSE:TSU) from an equal weight rating to an overweight rating in a report published on Monday. The firm currently has $15.00 price objective on the stock, up from their prior price objective of $12.50.

Other research analysts have also issued research reports about the company. Zacks Investment Research raised TIM Participacoes SA from a sell rating to a hold rating in a report on Wednesday, September 21st. Bank of America Corp. raised TIM Participacoes SA from a neutral rating to a buy rating in a report on Tuesday, July 26th. Finally, RBC Capital Markets lowered TIM Participacoes SA from an outperform rating to a sector perform rating in a report on Friday, August 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $14.00.

TIM Participacoes SA (NYSE:TSU) traded up 1.06% during trading on Monday, hitting $13.37. 81,237 shares of the company traded hands. The stock has a 50 day moving average price of $12.56 and a 200 day moving average price of $11.42. The company has a market capitalization of $6.47 billion, a P/E ratio of 20.57 and a beta of 1.75. TIM Participacoes SA has a 12-month low of $7.08 and a 12-month high of $13.52.

A number of hedge funds have recently added to or reduced their stakes in the company. Comerica Bank increased its stake in TIM Participacoes SA by 0.6% in the second quarter. Comerica Bank now owns 26,648 shares of the company’s stock worth $347,000 after buying an additional 151 shares during the last quarter. First Allied Advisory Services Inc. increased its stake in shares of TIM Participacoes SA by 2.9% in the second quarter. First Allied Advisory Services Inc. now owns 13,375 shares of the company’s stock valued at $141,000 after buying an additional 371 shares during the last quarter. Royal Bank of Canada increased its stake in shares of TIM Participacoes SA by 3.9% in the second quarter. Royal Bank of Canada now owns 38,328 shares of the company’s stock valued at $404,000 after buying an additional 1,443 shares during the last quarter. BlackRock Inc. increased its stake in shares of TIM Participacoes SA by 12.8% in the first quarter. BlackRock Inc. now owns 15,085 shares of the company’s stock valued at $167,000 after buying an additional 1,714 shares during the last quarter. Finally, CIBC World Markets Inc. increased its stake in shares of TIM Participacoes SA by 16.3% in the second quarter. CIBC World Markets Inc. now owns 14,717 shares of the company’s stock valued at $155,000 after buying an additional 2,067 shares during the last quarter. Institutional investors own 20.23% of the company’s stock.

TIM Participacoes SA Company Profile

TIM Participacoes SA (TIM) is a provider of mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District.

5 Day Chart for NYSE:TSU

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