TIM Participacoes (TSU) Stock Rating Upgraded by Zacks Investment Research

TIM Participacoes (NYSE:TSU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage presently has a $22.00 target price on the Wireless communications provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 10.72% from the company’s current price.

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%. “

Other equities research analysts have also recently issued reports about the company. Santander upgraded TIM Participacoes from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Royal Bank of Canada set a $17.00 target price on TIM Participacoes and gave the stock a “hold” rating in a report on Thursday, November 30th. UBS Group upgraded TIM Participacoes from a “market perform” rating to an “outperform” rating in a report on Friday, November 24th. Finally, Barclays boosted their target price on TIM Participacoes from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $20.00.

TIM Participacoes (NYSE TSU) traded up $0.18 during mid-day trading on Friday, reaching $19.87. The company had a trading volume of 949,100 shares, compared to its average volume of 924,412. The company has a current ratio of 1.31, a quick ratio of 1.29 and a debt-to-equity ratio of 0.34. TIM Participacoes has a 12 month low of $12.93 and a 12 month high of $20.48. The firm has a market cap of $9,680.00, a PE ratio of 31.05, a price-to-earnings-growth ratio of 0.88 and a beta of 1.50.

Several institutional investors have recently modified their holdings of TSU. Picton Mahoney Asset Management acquired a new position in shares of TIM Participacoes during the 2nd quarter worth approximately $120,000. Asset Management One Co. Ltd. boosted its holdings in shares of TIM Participacoes by 75.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 7,000 shares of the Wireless communications provider’s stock worth $128,000 after purchasing an additional 3,000 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in shares of TIM Participacoes by 1.9% during the 2nd quarter. CIBC World Markets Inc. now owns 12,886 shares of the Wireless communications provider’s stock worth $191,000 after purchasing an additional 236 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in shares of TIM Participacoes during the 3rd quarter worth approximately $202,000. Finally, Trexquant Investment LP acquired a new position in shares of TIM Participacoes during the 3rd quarter worth approximately $261,000. Institutional investors and hedge funds own 15.48% of the company’s stock.

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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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