TIM Participacoes (TSU) Upgraded to Strong-Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of TIM Participacoes (NYSE:TSU) from a hold rating to a strong-buy rating in a research note released on Friday. The firm currently has $20.00 price objective on the Wireless communications provider’s stock.

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%. “

A number of other equities research analysts have also recently weighed in on the company. Barclays restated a hold rating and issued a $19.00 price target on shares of TIM Participacoes in a research note on Monday, February 4th. New Street Research cut TIM Participacoes from a buy rating to a neutral rating in a research note on Friday, January 25th. Credit Suisse Group cut TIM Participacoes from an outperform rating to a neutral rating in a research note on Thursday, January 10th. Citigroup upgraded TIM Participacoes from a neutral rating to a buy rating in a research note on Friday, December 14th. Finally, TheStreet upgraded TIM Participacoes from a c+ rating to a b rating in a research note on Monday, December 3rd. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. TIM Participacoes has a consensus rating of Buy and a consensus target price of $18.83.



TSU opened at $15.74 on Friday. TIM Participacoes has a 1-year low of $13.82 and a 1-year high of $23.11. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $7.62 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92.

A number of institutional investors and hedge funds have recently bought and sold shares of TSU. Northern Trust Corp raised its stake in TIM Participacoes by 10.5% in the 2nd quarter. Northern Trust Corp now owns 223,191 shares of the Wireless communications provider’s stock valued at $3,762,000 after acquiring an additional 21,232 shares during the period. Aperio Group LLC increased its position in TIM Participacoes by 7.3% during the 3rd quarter. Aperio Group LLC now owns 145,769 shares of the Wireless communications provider’s stock worth $2,112,000 after buying an additional 9,914 shares during the period. Massachusetts Financial Services Co. MA increased its position in TIM Participacoes by 7.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 78,817 shares of the Wireless communications provider’s stock worth $1,142,000 after buying an additional 5,443 shares during the period. Acadian Asset Management LLC increased its position in TIM Participacoes by 0.3% during the 3rd quarter. Acadian Asset Management LLC now owns 4,877,034 shares of the Wireless communications provider’s stock worth $70,668,000 after buying an additional 16,533 shares during the period. Finally, Regal Investment Advisors LLC bought a new position in TIM Participacoes during the 3rd quarter worth $219,000. Institutional investors and hedge funds own 14.94% of the company’s stock.

TIM Participacoes Company Profile

TIM Participações 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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