TIM Participacoes S.A. (TSU) has risen sharply, recording gains of 6.2% in the past 4 weeks. However, the stock has corrected -0.23% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.8% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
TIM Participacoes S.A. is up 33.57% in the last 3-month period. Year-to-Date the stock performance stands at 57.48%. The stock has recorded a 20-day Moving Average of 1.26% and the 50-Day Moving Average is 13.58%.
TIM Participacoes S.A. (NYSE:TSU): The stock opened at $13.03 on Friday but the bulls could not build on the opening and the stock topped out at $13.04 for the day. The stock traded down to $12.84 during the day, due to lack of any buying support eventually closed down at $13.01 with a loss of -0.76% for the day. The stock had closed at $13.11 on the previous day. The total traded volume was 667,274 shares.
Also, Barclays maintains its rating on TIM Participacoes S.A. (NYSE:TSU). The global brokerage major raises the current price target from $11.5 per share to $12.5 per share. Analysts at the Barclays have a current rating of Equalweight on the shares. The rating by the firm was issued on July 27, 2016.
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.