TIM Participacoes (TSU) Upgraded by Zacks Investment Research to “Buy”

TIM Participacoes (NYSE:TSU) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, February 7th. The brokerage presently has a $22.00 price target on the Wireless communications provider’s stock. Zacks Investment Research‘s price target points to a potential upside of 0.23% from the company’s previous close.

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%. “

Several other equities research analysts have also weighed in on the company. Royal Bank of Canada set a $17.00 target price on TIM Participacoes and gave the stock a “hold” rating in a research report on Thursday, November 30th. UBS Group raised TIM Participacoes from a “market perform” rating to an “outperform” rating in a report on Friday, November 24th. Barclays lifted 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. Santander raised TIM Participacoes from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Finally, Scotiabank set a $20.00 price target on TIM Participacoes and gave the company a “hold” rating in a research report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $20.50.

Shares of TIM Participacoes (TSU) traded down $0.15 on Wednesday, reaching $21.95. The company had a trading volume of 499,228 shares, compared to its average volume of 1,007,788. TIM Participacoes has a 52-week low of $13.63 and a 52-week high of $22.36. The company has a market capitalization of $10,216.75, a PE ratio of 28.33, a PEG ratio of 0.98 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.05 and a quick ratio of 1.04.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of 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 in the last quarter. Tremblant Capital Group grew its holdings in shares of TIM Participacoes by 15.1% during the 3rd quarter. Tremblant Capital Group now owns 4,618,379 shares of the Wireless communications provider’s stock worth $84,424,000 after purchasing an additional 604,161 shares in the last quarter. Permian Investment Partners LP grew its holdings in shares of TIM Participacoes by 2.8% during the 3rd quarter. Permian Investment Partners LP now owns 2,789,081 shares of the Wireless communications provider’s stock worth $50,984,000 after purchasing an additional 76,155 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of TIM Participacoes by 77.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,075,200 shares of the Wireless communications provider’s stock worth $40,072,000 after purchasing an additional 907,300 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of TIM Participacoes by 4.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,582,896 shares of the Wireless communications provider’s stock worth $30,566,000 after purchasing an additional 64,390 shares in the last quarter. 15.39% of the stock is currently owned by 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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