Barclays Analysts Give TIM Participacoes (TSU) a $19.00 Price Target

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TIM Participacoes (NYSE:TSU) received a $19.00 price objective from stock analysts at Barclays in a research report issued on Thursday. The firm presently has a “hold” rating on the Wireless communications provider’s stock. Barclays’ target price indicates a potential upside of 17.94% from the stock’s current price.

Several other research analysts also recently weighed in on the company. Royal Bank of Canada restated a “hold” rating and issued a $17.50 price target on shares of TIM Participacoes in a research note on Tuesday, July 31st. ValuEngine downgraded TIM Participacoes from a “sell” rating to a “strong sell” rating in a research note on Friday, August 3rd. HSBC upgraded TIM Participacoes from a “reduce” rating to a “hold” rating in a research note on Thursday, August 9th. Zacks Investment Research upgraded TIM Participacoes from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Wednesday, August 15th. Finally, Credit Suisse Group upgraded TIM Participacoes from a “neutral” rating to an “outperform” rating in a research note on Monday, August 20th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $18.63.

Shares of NYSE:TSU opened at $16.11 on Thursday. The company has a market cap of $7.83 billion, a P/E ratio of 20.14, a P/E/G ratio of 0.89 and a beta of 1.00. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.23. TIM Participacoes has a 12-month low of $13.82 and a 12-month high of $23.11.

Hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN boosted 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 valued at $152,000 after acquiring an additional 3,392 shares during the last quarter. Greenleaf Trust bought a new position in shares of TIM Participacoes during the 2nd quarter valued at approximately $192,000. Atria Investments LLC boosted 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 valued at $210,000 after acquiring an additional 3,127 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of TIM Participacoes during the 2nd quarter valued at approximately $218,000. Finally, Regal Investment Advisors LLC bought a new position in shares of TIM Participacoes during the 3rd quarter valued at approximately $219,000. Institutional investors and hedge funds own 14.67% of the company’s stock.

About TIM Participacoes

TIM ParticipaƧƵes 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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