TIM Participacoes (NYSE:TSU) Shares Gap Up to $16.90

Shares of TIM Participacoes SA (NYSE:TSU) gapped up before the market opened on Friday . The stock had previously closed at $16.56, but opened at $16.90. TIM Participacoes shares last traded at $17.21, with a volume of 2,144,899 shares traded.

Several analysts recently weighed in on the company. Barclays set a $18.00 price objective on TIM Participacoes and gave the company a “buy” rating in a research note on Monday, October 21st. Zacks Investment Research downgraded TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. TD Securities boosted their target price on TIM Participacoes from $37.33 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, ValuEngine raised shares of TIM Participacoes from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. TIM Participacoes has a consensus rating of “Hold” and a consensus target price of $24.20.

The business’s 50 day simple moving average is $15.26 and its two-hundred day simple moving average is $14.86. The stock has a market cap of $8.18 billion, a P/E ratio of 17.60, a PEG ratio of 2.53 and a beta of 0.94. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.34.

TIM Participacoes (NYSE:TSU) last announced its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.09. TIM Participacoes had a return on equity of 8.52% and a net margin of 19.17%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. As a group, research analysts forecast that TIM Participacoes SA will post 1.13 earnings per share for the current fiscal year.

The company also recently disclosed a None dividend, which will be paid on Tuesday, April 7th. Investors of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, October 8th. TIM Participacoes’s dividend payout ratio is currently 32.12%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of TIM Participacoes by 63.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 216,696 shares of the Wireless communications provider’s stock valued at $3,244,000 after purchasing an additional 84,000 shares in the last quarter. SG Americas Securities LLC boosted its position in TIM Participacoes by 1,611.8% during the 2nd quarter. SG Americas Securities LLC now owns 286,065 shares of the Wireless communications provider’s stock worth $4,282,000 after buying an additional 269,354 shares during the period. Investec Asset Management North America Inc. boosted its position in TIM Participacoes by 8.7% during the 2nd quarter. Investec Asset Management North America Inc. now owns 410,494 shares of the Wireless communications provider’s stock worth $6,145,000 after buying an additional 32,833 shares during the period. Investec Asset Management LTD grew its holdings in TIM Participacoes by 6.3% during the 2nd quarter. Investec Asset Management LTD now owns 1,362,165 shares of the Wireless communications provider’s stock worth $20,392,000 after acquiring an additional 80,195 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in TIM Participacoes by 10,993,000.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 109,931 shares of the Wireless communications provider’s stock worth $1,646,000 after acquiring an additional 109,930 shares during the last quarter. 12.25% of the stock is owned by institutional investors and hedge funds.

TIM Participacoes Company Profile (NYSE:TSU)

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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