BMO Capital Markets Lowers TIM Participacoes (NYSE:TSU) Price Target to $32.00

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.

Institutional investors and hedge funds have recently made changes to their positions in the business. Laurion Capital Management LP acquired a new stake in TIM Participacoes in the first quarter valued at approximately $1,507,000. Marshall Wace North America L.P. lifted its stake in shares of TIM Participacoes by 674.3% during the first quarter. Marshall Wace North America L.P. now owns 269,598 shares of the Wireless communications provider’s stock worth $4,066,000 after buying an additional 234,780 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of TIM Participacoes by 2,095.3% during the first quarter. Quadrant Capital Group LLC now owns 3,271 shares of the Wireless communications provider’s stock worth $48,000 after buying an additional 3,122 shares during the period. Eqis Capital Management Inc. lifted its stake in shares of TIM Participacoes by 6.0% during the first quarter. Eqis Capital Management Inc. now owns 53,110 shares of the Wireless communications provider’s stock worth $801,000 after buying an additional 3,012 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of TIM Participacoes during the first quarter worth $601,000. Institutional investors own 14.85% of the company’s stock.

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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