Barclays Boosts TIM Participacoes (TSU) Price Target to $22.00
TIM Participacoes (NYSE:TSU) had its price target increased by equities research analysts at Barclays from $21.00 to $22.00 in a research report issued on Tuesday. The brokerage presently has an “overweight” rating on the Wireless communications provider’s stock. Barclays’ target price indicates a potential upside of 5.31% from the stock’s current price.
A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada set a $17.00 price objective on shares of TIM Participacoes and gave the company a “hold” rating in a report on Thursday, November 30th. UBS Group upgraded shares of TIM Participacoes from a “market perform” rating to an “outperform” rating in a report on Friday, November 24th. Santander upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Scotiabank set a $20.00 price objective on shares of TIM Participacoes and gave the company a “hold” rating in a report on Wednesday, January 17th. Finally, Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Friday, January 12th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $20.50.
Shares of TIM Participacoes (NYSE TSU) traded down $0.13 during midday trading on Tuesday, reaching $20.89. 157,638 shares of the company were exchanged, compared to its average volume of 986,542. The firm has a market capitalization of $10,023.06, a PE ratio of 26.78, a P/E/G ratio of 0.96 and a beta of 1.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.04 and a current ratio of 1.05. TIM Participacoes has a 52-week low of $13.63 and a 52-week high of $21.75.
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About TIM Participacoes
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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