Analyst Rating Update on TIM Participacoes S.A. (TSU)

TIM Participacoes S.A. (TSU) : Zacks Investment Research ranks TIM Participacoes S.A. (TSU) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.33, which indicates as a Buy.

TIM Participacoes S.A. (TSU) : Currently there are 4 street experts covering TIM Participacoes S.A. (TSU) stock. The most bullish and bearish price target for the stock is $22 and $12 respectively for the short term. The average price target of all the analysts comes to $14.8. The estimated standard deviation from the target is $4.67.

Company shares have received an average consensus rating of Hold for the current week


TIM Participacoes S.A. (NYSE:TSU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.47 and $12.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.91, notching a gain of 2.30% for the day. The total traded volume was 805,767 . The stock had closed at $12.62 on the previous day.

TIM Participacoes S.A. is a holding company. The Company provides 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. The Companys wholly owned subsidiaries include TIM Celular S.A., which provides landline telephone services (STFC) – domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (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 (DF). The Company offers global system for mobile communications (GSM) telecommunications services, 3G and 4G technologies.

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