TIM Participacoes S.A. (TSU) Receives Price Target

TIM Participacoes S.A. (TSU) : The most positive equity analysts on TIM Participacoes S.A. (TSU) expects the shares to touch $22, whereas, the least positive believes that the stock will trade at $12 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $14.7 with an expected fluctuation of $4.67 from the mean.

TIM Participacoes S.A. (TSU) has an average broker rating of 2.2, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, In the latest statement by the brokerage house, Barclays maintains its outlook on TIM Participacoes S.A. (NYSE:TSU). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm raises the price target from $11.5 per share to $12.5 per share. The rating by the firm was issued on July 27, 2016.

TIM Participacoes S.A. (NYSE:TSU): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $12.80 and $12.71 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.02. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.94, notching a gain of 0.31% for the day. The total traded volume was 523,499 . The stock had closed at $12.90 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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