Shares of TIM Participacoes SA (NYSE:TSU) hit a new 52-week low during trading on Friday . The stock traded as low as $14.31 and last traded at $14.37, with a volume of 14166 shares. The stock had previously closed at $14.45.

Several analysts have recently commented on the company. Zacks Investment Research upgraded TIM Participacoes from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Wednesday. HSBC upgraded TIM Participacoes from a “reduce” rating to a “hold” rating in a report on Thursday, August 9th. ValuEngine cut TIM Participacoes from a “sell” rating to a “strong sell” rating in a report on Friday, August 3rd. Royal Bank of Canada restated a “hold” rating and set a $17.50 target price on shares of TIM Participacoes in a report on Tuesday, July 31st. Finally, Barclays decreased their target price on TIM Participacoes from $18.50 to $18.00 and set a “hold” rating on the stock in a report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.38.

The firm has a market cap of $7.09 billion, a PE ratio of 17.99, a PEG ratio of 0.60 and a beta of 1.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.05 and a quick ratio of 1.03.

The company also recently declared a special dividend, which will be paid on Thursday, August 23rd. Investors of record on Monday, July 30th will be issued a $0.1293 dividend. This is a boost from TIM Participacoes’s previous special dividend of $0.12. The ex-dividend date is Friday, July 27th. This represents a yield of 0.34%. TIM Participacoes’s dividend payout ratio (DPR) is currently 10.00%.

A number of institutional investors have recently bought and sold shares of TSU. Wells Fargo & Company MN boosted its holdings in TIM Participacoes by 93.8% in the first quarter. Wells Fargo & Company MN now owns 7,009 shares of the Wireless communications provider’s stock valued at $152,000 after acquiring an additional 3,392 shares during the last quarter. Atria Investments LLC bought a new position in TIM Participacoes in the first quarter valued at about $202,000. Trexquant Investment LP bought a new position in TIM Participacoes in the first quarter valued at about $1,211,000. Mckinley Capital Management LLC Delaware boosted its holdings in TIM Participacoes by 2.0% in the first quarter. Mckinley Capital Management LLC Delaware now owns 121,668 shares of the Wireless communications provider’s stock valued at $2,636,000 after acquiring an additional 2,365 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC boosted its holdings in TIM Participacoes by 17.3% in the first quarter. Quantitative Systematic Strategies LLC now owns 16,756 shares of the Wireless communications provider’s stock valued at $363,000 after acquiring an additional 2,471 shares during the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.

About TIM Participacoes (NYSE:TSU)

TIM ParticipaƧƵes SA provides telecommunication services in Brazil. The company offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. It provides prepaid and postpaid services; value-added services, including short message services or text messaging, and multimedia messaging services; and insurance services.

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