TIM Participacoes (TSU) Stock Rating Upgraded by UBS Group

UBS Group upgraded shares of TIM Participacoes (NYSE:TSU) from a market perform rating to an outperform rating in a research note issued to investors on Tuesday, The Fly reports.

Several other brokerages have also issued reports on TSU. Zacks Investment Research lowered shares of TIM Participacoes from a buy rating to a hold rating in a research report on Wednesday, October 11th. Royal Bank of Canada set a $17.00 target price on shares of TIM Participacoes and gave the company a hold rating in a research report on Thursday, November 30th. Barclays lifted their target price on shares of TIM Participacoes from $18.50 to $20.00 and gave the company an overweight rating in a research report on Monday, October 16th. Santander upgraded shares of TIM Participacoes from a hold rating to a buy rating in a research report on Thursday, December 21st. Finally, Scotiabank set a $22.00 target price on shares of TIM Participacoes and gave the company a hold rating in a research report on Monday, February 5th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $20.33.

Shares of TIM Participacoes (NYSE TSU) opened at $20.70 on Tuesday. TIM Participacoes has a 1 year low of $13.63 and a 1 year high of $21.75. The stock has a market cap of $10,318.43, a P/E ratio of 26.10, a price-to-earnings-growth ratio of 0.99 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.29 and a current ratio of 1.05.

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

Several hedge funds have recently bought and sold shares of the business. Asset Management One Co. Ltd. raised its stake in shares of TIM Participacoes by 75.0% during the third quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 3,000 shares in the last quarter. Aperio Group LLC raised its stake in shares of TIM Participacoes by 7.6% during the third quarter. Aperio Group LLC now owns 52,321 shares of the Wireless communications provider’s stock worth $956,000 after acquiring an additional 3,679 shares in the last quarter. TCW Group Inc. raised its stake in shares of TIM Participacoes by 4.2% during the third quarter. TCW Group Inc. now owns 144,900 shares of the Wireless communications provider’s stock worth $2,649,000 after acquiring an additional 5,800 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of TIM Participacoes by 19.8% during the third quarter. SG Americas Securities LLC now owns 40,112 shares of the Wireless communications provider’s stock worth $733,000 after acquiring an additional 6,630 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in shares of TIM Participacoes during the fourth quarter worth approximately $144,000. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

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TIM Participacoes Company Profile

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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