TIM Participacoes (TSU) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of TIM Participacoes (NYSE:TSU) from a hold rating to a buy rating in a report issued on Wednesday. Zacks Investment Research currently has $22.00 target price on the Wireless communications provider’s stock.

According to Zacks, “TIM PARTICIPAÇÕES S.A. is a holding company, the single company in Brazil to offer mobile cellular service throughout the Brazilian territory, by means of its subsidiaries TIM Celular S.A. and TIM Nordeste S.A. The company is the largest GSM (Global System for Mobile communications) operator of the country, in terms of clients and revenues and TIM Participações ended the 3Q08 with 35.2 million clients and a market share of 25%. “

TSU has been the topic of a number of other research reports. UBS Group raised shares of TIM Participacoes from a market perform rating to an outperform rating in a research note on Friday, November 24th. Barclays lifted their price target on shares of TIM Participacoes from $20.00 to $21.00 and gave the company an overweight rating in a research note on Thursday, November 9th. Deutsche Bank cut shares of TIM Participacoes from a buy rating to a hold rating in a research note on Tuesday, January 30th. Scotiabank set a $20.00 price target on shares of TIM Participacoes and gave the company a hold rating in a research note on Wednesday, January 17th. Finally, Santander raised shares of TIM Participacoes from a hold rating to a buy rating in a research note on Thursday, December 21st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. TIM Participacoes has a consensus rating of Buy and a consensus target price of $20.33.

Shares of TIM Participacoes (NYSE TSU) opened at $20.70 on Wednesday. TIM Participacoes has a one year low of $13.63 and a one year high of $21.75. The stock has a market cap of $10,318.43, a price-to-earnings ratio of 26.54, a P/E/G ratio of 0.99 and a beta of 1.47. The company has a quick ratio of 1.29, a current ratio of 1.05 and a debt-to-equity ratio of 0.28.

TIM Participacoes (NYSE:TSU) last released its quarterly earnings results on Tuesday, November 7th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. TIM Participacoes had a net margin of 7.56% and a return on equity of 6.90%. The firm had revenue of $1.29 billion for the quarter. equities analysts expect that TIM Participacoes will post 0.92 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Timber Hill LLC boosted its stake in TIM Participacoes by 72.9% during the 4th quarter. Timber Hill LLC now owns 43,101 shares of the Wireless communications provider’s stock worth $832,000 after purchasing an additional 18,171 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in TIM Participacoes during the 4th quarter worth $2,595,000. Itau Unibanco Holding S.A. boosted its stake in TIM Participacoes by 57.0% during the 4th quarter. Itau Unibanco Holding S.A. now owns 509,357 shares of the Wireless communications provider’s stock worth $9,836,000 after purchasing an additional 185,000 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in TIM Participacoes during the 4th quarter worth $144,000. Finally, BlackRock Inc. boosted its stake in TIM Participacoes by 29.8% during the 4th quarter. BlackRock Inc. now owns 5,308,568 shares of the Wireless communications provider’s stock worth $102,508,000 after purchasing an additional 1,219,843 shares during the last quarter. 15.42% of the stock is currently owned by institutional investors.

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About TIM Participacoes

TIM Participacoes SA (TIM) is a provider of mobile telecommunication services in Brazil. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services. Its direct subsidiaries include TIM Celular SA, which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (SCM)) in all Brazilian states and in the Federal District, and Intelig Telecomunicacoes Ltda., which provides STFC-local voices services and SCM services in all Brazilian states and in the Federal District.

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