TIM Participacoes (NYSE:TSU) had its price target reduced by BMO Capital Markets from $33.00 to $32.00 in a research note published on Friday, Stock Target Advisor reports. BMO Capital Markets currently has a market perform rating on the Wireless communications provider’s stock.
Other equities research analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of TIM Participacoes from an overweight rating to an equal weight rating and lowered their target price for the company from $19.00 to $16.00 in a research note on Wednesday, June 5th. Zacks Investment Research upgraded shares of TIM Participacoes from a sell rating to a hold rating in a research note on Thursday, August 8th. Barclays upgraded shares of TIM Participacoes from an equal weight rating to an overweight rating and raised their target price for the company from $17.00 to $19.00 in a research note on Thursday, August 1st. TheStreet upgraded shares of TIM Participacoes from a c+ rating to a b- rating in a research note on Monday, July 22nd. Finally, ValuEngine downgraded shares of TIM Participacoes from a hold rating to a sell rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. TIM Participacoes currently has an average rating of Hold and an average price target of $21.75.
Shares of TSU stock opened at $15.06 on Friday. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 3.70 and a beta of 0.89. The company’s 50 day simple moving average is $15.75. The company has a current ratio of 1.06, a quick ratio of 1.02 and a debt-to-equity ratio of 0.38. TIM Participacoes has a 52-week low of $12.79 and a 52-week high of $17.68.
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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