TIM Participacoes S.A. (NYSE:TSU) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 694,483 shares, a decrease of 29.6% from the August 31st total of 986,544 shares. Based on an average trading volume of 983,377 shares, the short-interest ratio is presently 0.7 days.

Several research firms recently commented on TSU. Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Friday, August 4th. Barclays PLC restated a “buy” rating and issued a $18.50 price target (up from $17.50) on shares of TIM Participacoes in a research note on Thursday, July 27th. Royal Bank Of Canada set a $16.00 price target on shares of TIM Participacoes and gave the company a “hold” rating in a research note on Monday, July 31st. TheStreet upgraded shares of TIM Participacoes from a “c” rating to a “b-” rating in a research note on Wednesday, July 26th. Finally, BidaskClub upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.90.

A number of institutional investors have recently made changes to their positions in the stock. CIBC World Markets Inc. raised its stake in TIM Participacoes by 1.9% in the 2nd quarter. CIBC World Markets Inc. now owns 12,886 shares of the Wireless communications provider’s stock valued at $191,000 after acquiring an additional 236 shares during the period. Global X Management Co. LLC increased its position in shares of TIM Participacoes by 3.6% during the second quarter. Global X Management Co. LLC now owns 7,925 shares of the Wireless communications provider’s stock valued at $117,000 after buying an additional 272 shares during the period. Oppenheimer Asset Management Inc. increased its position in shares of TIM Participacoes by 2.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 37,993 shares of the Wireless communications provider’s stock valued at $562,000 after buying an additional 993 shares during the period. SG Americas Securities LLC increased its position in shares of TIM Participacoes by 11.4% during the second quarter. SG Americas Securities LLC now owns 33,482 shares of the Wireless communications provider’s stock valued at $496,000 after buying an additional 3,413 shares during the period. Finally, Aperio Group LLC increased its position in shares of TIM Participacoes by 15.4% during the second quarter. Aperio Group LLC now owns 48,642 shares of the Wireless communications provider’s stock valued at $720,000 after buying an additional 6,486 shares during the period. Institutional investors and hedge funds own 16.48% of the company’s stock.

TIM Participacoes (NYSE TSU) opened at 18.48 on Monday. The firm has a market capitalization of $8.95 billion, a P/E ratio of 31.59 and a beta of 1.55. The company has a 50 day moving average of $18.30 and a 200 day moving average of $16.47. TIM Participacoes has a 1-year low of $11.17 and a 1-year high of $19.20.

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About TIM Participacoes

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.

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