Mitsubishi UFJ Trust & Banking Corp continued to hold its position in shares of TIM Participacoes S.A. (NYSE:TSU) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,155 shares of the Wireless communications provider’s stock at the close of the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in TIM Participacoes were worth $343,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSU. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in TIM Participacoes in the 1st quarter valued at approximately $200,000. Daiwa Securities Group Inc. lifted its stake in TIM Participacoes by 117.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 24,800 shares of the Wireless communications provider’s stock valued at $396,000 after acquiring an additional 13,400 shares in the last quarter. World Asset Management Inc lifted its stake in TIM Participacoes by 1.3% in the 1st quarter. World Asset Management Inc now owns 30,174 shares of the Wireless communications provider’s stock valued at $482,000 after acquiring an additional 395 shares in the last quarter. Karp Capital Management Corp bought a new stake in TIM Participacoes in the 1st quarter valued at approximately $674,000. Finally, Sei Investments Co. bought a new stake in TIM Participacoes in the 1st quarter valued at approximately $1,740,000. Hedge funds and other institutional investors own 16.48% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $20.00 price objective on shares of TIM Participacoes in a research note on Monday, August 14th. Zacks Investment Research upgraded TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Friday, August 4th. Royal Bank Of Canada set a $16.00 price objective on TIM Participacoes and gave the stock a “hold” rating in a research note on Monday, July 31st. TheStreet upgraded TIM Participacoes from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. Finally, Barclays PLC reiterated a “buy” rating and set a $18.50 price objective (up previously from $17.50) on shares of TIM Participacoes in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $18.90.

Shares of TIM Participacoes S.A. (NYSE:TSU) opened at 17.80 on Monday. The stock’s 50 day moving average price is $17.60 and its 200-day moving average price is $16.08. TIM Participacoes S.A. has a 52 week low of $11.17 and a 52 week high of $18.44. The company has a market cap of $8.62 billion, a PE ratio of 30.43 and a beta of 1.53.

ILLEGAL ACTIVITY NOTICE: “Mitsubishi UFJ Trust & Banking Corp Maintains Position in TIM Participacoes S.A. (TSU)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/11/mitsubishi-ufj-trust-banking-corp-maintains-position-in-tim-participacoes-s-a-tsu.html.

TIM Participacoes 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.

Want to see what other hedge funds are holding TSU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TIM Participacoes S.A. (NYSE:TSU).

Institutional Ownership by Quarter for TIM Participacoes (NYSE:TSU)

Receive News & Stock Ratings for TIM Participacoes S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM Participacoes S.A. and related stocks with our FREE daily email newsletter.