TIM Participacoes (NYSE:TSU) Downgraded to C+ at TheStreet

TIM Participacoes (NYSE:TSU) was downgraded by stock analysts at TheStreet from a “b” rating to a “c+” rating in a research note issued on Tuesday, June 4th, TheStreetRatingsTable reports.

A number of other brokerages also recently issued reports on TSU. Barclays reiterated a “hold” rating and issued a $19.00 price target on shares of TIM Participacoes in a report on Monday, February 4th. Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Friday, February 8th. Finally, Morgan Stanley downgraded shares of TIM Participacoes from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $19.00 to $16.00 in a report on Wednesday, June 5th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.13.

TSU traded down $0.11 during trading on Tuesday, reaching $14.97. The stock had a trading volume of 827,679 shares, compared to its average volume of 982,262. The stock has a market capitalization of $7.30 billion, a PE ratio of 10.93, a PEG ratio of 1.43 and a beta of 0.89. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.40. TIM Participacoes has a one year low of $12.79 and a one year high of $17.68. The firm’s 50-day moving average is $13.95.

TIM Participacoes (NYSE:TSU) last announced its quarterly earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $1.11 billion for the quarter. TIM Participacoes had a net margin of 13.94% and a return on equity of 12.13%. On average, analysts forecast that TIM Participacoes will post 0.87 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its stake in TIM Participacoes by 61.9% in the first quarter. Nordea Investment Management AB now owns 64,499 shares of the Wireless communications provider’s stock worth $973,000 after buying an additional 24,656 shares in the last quarter. Marshall Wace North America L.P. increased its holdings in shares of TIM Participacoes by 674.3% in the 1st 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 last quarter. Marshall Wace LLP increased its holdings in shares of TIM Participacoes by 196.1% in the 1st quarter. Marshall Wace LLP now owns 590,852 shares of the Wireless communications provider’s stock worth $8,909,000 after buying an additional 391,274 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in shares of TIM Participacoes in the 1st quarter worth about $162,000. Finally, Pictet Asset Management Ltd. increased its holdings in shares of TIM Participacoes by 42.1% in the 1st quarter. Pictet Asset Management Ltd. now owns 2,753,100 shares of the Wireless communications provider’s stock worth $8,341,000 after buying an additional 815,748 shares during the last quarter. Institutional investors own 14.72% of the company’s stock.

TIM Participacoes Company Profile

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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Analyst Recommendations for TIM Participacoes (NYSE:TSU)

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