TIM Participacoes (NYSE:TSU) Shares Gap Up to $16.90

Shares of TIM Participacoes SA (NYSE:TSU) gapped up prior to trading on Friday . The stock had previously closed at $16.56, but opened at $16.90. TIM Participacoes shares last traded at $17.21, with a volume of 2,144,899 shares changing hands.

Several equities analysts have commented on the stock. BMO Capital Markets dropped their price target on shares of TIM Participacoes from $33.00 to $32.00 and set a “market perform” rating for the company in a research note on Friday, August 9th. ValuEngine upgraded TIM Participacoes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. TD Securities lifted their target price on TIM Participacoes from $37.33 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Zacks Investment Research lowered TIM Participacoes from a “buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Barclays set a $18.00 target price on TIM Participacoes and gave the stock a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.20.

The company’s fifty day moving average is $15.26 and its two-hundred day moving average is $14.86. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.34. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 2.41 and a beta of 0.94.

TIM Participacoes (NYSE:TSU) last posted its quarterly earnings results on Tuesday, November 5th. The Wireless communications provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.24 by $0.09. TIM Participacoes had a net margin of 19.17% and a return on equity of 8.52%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Sell-side analysts predict that TIM Participacoes SA will post 1.13 EPS for the current fiscal year.

The company also recently disclosed a None dividend, which will be paid on Tuesday, April 7th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, October 8th. TIM Participacoes’s dividend payout ratio (DPR) is currently 32.12%.

Several hedge funds have recently modified their holdings of the stock. Eqis Capital Management Inc. lifted its holdings in TIM Participacoes by 1.7% during the 3rd quarter. Eqis Capital Management Inc. now owns 52,679 shares of the Wireless communications provider’s stock worth $756,000 after buying an additional 906 shares during the last quarter. US Bancorp DE lifted its stake in TIM Participacoes by 68.7% during the second quarter. US Bancorp DE now owns 2,541 shares of the Wireless communications provider’s stock worth $38,000 after purchasing an additional 1,035 shares during the last quarter. Quantamental Technologies LLC boosted its holdings in TIM Participacoes by 122.8% in the second quarter. Quantamental Technologies LLC now owns 4,899 shares of the Wireless communications provider’s stock valued at $73,000 after purchasing an additional 2,700 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in TIM Participacoes in the third quarter valued at approximately $41,000. Finally, Squarepoint Ops LLC boosted its holdings in TIM Participacoes by 23.4% in the third quarter. Squarepoint Ops LLC now owns 15,329 shares of the Wireless communications provider’s stock valued at $220,000 after purchasing an additional 2,904 shares in the last quarter. Hedge funds and other institutional investors own 12.25% of the company’s stock.

About TIM Participacoes (NYSE:TSU)

TIM Participações SA provides telecommunication services in Brazil. It offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. The company offers prepaid and postpaid services; corporate solutions for mobile or fixed services, as well as mobile-to-mobile services; value-added services; financial and other services; digital channels; and customer services.

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