TIM Participacoes (TSU) Given a $19.00 Price Target at Barclays

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Barclays set a $19.00 price target on TIM Participacoes (NYSE:TSU) in a research note released on Thursday morning. The brokerage currently has a hold rating on the Wireless communications provider’s stock.

TSU has been the subject of several other research reports. ValuEngine cut TIM Participacoes from a sell rating to a strong sell rating in a research report on Friday, August 3rd. Zacks Investment Research raised TIM Participacoes from a sell rating to a hold rating in a research report on Friday, September 7th. Credit Suisse Group raised TIM Participacoes from a neutral rating to an outperform rating in a research report on Monday, August 20th. Royal Bank of Canada reissued a hold rating and set a $17.50 price objective on shares of TIM Participacoes in a research report on Tuesday, July 31st. Finally, HSBC raised TIM Participacoes from a reduce rating to a hold rating in a research report on Thursday, August 9th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TIM Participacoes presently has a consensus rating of Hold and a consensus price target of $18.63.

Shares of NYSE:TSU traded up $0.28 on Thursday, reaching $16.11. The company had a trading volume of 1,124,473 shares, compared to its average volume of 1,092,367. TIM Participacoes has a twelve month low of $13.82 and a twelve month high of $23.11. The stock has a market capitalization of $8.04 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.91 and a beta of 1.00. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.03.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN lifted its position in shares of TIM Participacoes by 93.8% during the 1st quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock worth $152,000 after purchasing an additional 3,392 shares during the last quarter. Greenleaf Trust acquired a new position in shares of TIM Participacoes during the 2nd quarter worth about $192,000. Atria Investments LLC lifted its position in shares of TIM Participacoes by 33.6% during the 2nd quarter. Atria Investments LLC now owns 12,440 shares of the Wireless communications provider’s stock worth $210,000 after purchasing an additional 3,127 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of TIM Participacoes during the 2nd quarter worth about $218,000. Finally, Regal Investment Advisors LLC acquired a new position in TIM Participacoes in the 3rd quarter valued at approximately $219,000. 14.67% of the stock is owned by institutional investors and hedge funds.

TIM Participacoes Company Profile

TIM Participações SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

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Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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