TIM Participacoes (NYSE:TSU) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of TIM Participacoes (NYSE:TSU) from an equal weight rating to an overweight rating in a research note published on Thursday, BenzingaRatingsTable reports. They currently have $19.00 price target on the Wireless communications provider’s stock, up from their prior price target of $17.00.

TSU has been the subject of several other reports. Zacks Investment Research cut shares of TIM Participacoes from a hold rating to a sell rating in a research report on Saturday, July 27th. New Street Research raised shares of TIM Participacoes from a neutral rating to a buy rating in a research report on Thursday, June 20th. Morgan Stanley cut shares of TIM Participacoes from an overweight rating to an equal weight rating and lowered their price objective for the company from $19.00 to $16.00 in a research report on Wednesday, June 5th. TheStreet raised shares of TIM Participacoes from a c+ rating to a b- rating in a research report on Monday, July 22nd. Finally, ValuEngine cut shares of TIM Participacoes from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. TIM Participacoes has an average rating of Hold and an average target price of $18.33.

TIM Participacoes stock traded up $0.07 during trading hours on Thursday, hitting $16.02. The company had a trading volume of 559,400 shares, compared to its average volume of 962,689. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 11.69, a P/E/G ratio of 3.66 and a beta of 0.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.98 and a current ratio of 1.01. TIM Participacoes has a 1 year low of $12.79 and a 1 year high of $17.68. The business’s 50-day simple moving average is $15.52.

TIM Participacoes (NYSE:TSU) last released its quarterly earnings data on Tuesday, May 7th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.11 billion during the quarter. TIM Participacoes had a net margin of 13.94% and a return on equity of 12.13%. Research analysts forecast that TIM Participacoes will post 0.73 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Laurion Capital Management LP purchased a new stake in shares of TIM Participacoes in the 1st quarter worth approximately $1,507,000. Marshall Wace North America L.P. lifted its position in shares of TIM Participacoes by 674.3% in the 1st quarter. Marshall Wace North America L.P. now owns 269,598 shares of the Wireless communications provider’s stock worth $4,066,000 after purchasing an additional 234,780 shares during the period. Quadrant Capital Group LLC lifted its position in shares of TIM Participacoes by 2,095.3% in the 1st quarter. Quadrant Capital Group LLC now owns 3,271 shares of the Wireless communications provider’s stock worth $48,000 after purchasing an additional 3,122 shares during the period. Barclays PLC lifted its position in shares of TIM Participacoes by 33.3% in the 4th quarter. Barclays PLC now owns 23,770 shares of the Wireless communications provider’s stock worth $365,000 after purchasing an additional 5,933 shares during the period. Finally, Eqis Capital Management Inc. lifted its position in shares of TIM Participacoes by 6.0% in the 1st quarter. Eqis Capital Management Inc. now owns 53,110 shares of the Wireless communications provider’s stock worth $801,000 after purchasing an additional 3,012 shares during the period. 14.77% of the stock is owned by hedge funds and other institutional investors.

About TIM Participacoes

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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Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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