TIM Participacoes S.A. (NYSE:TSU) has tumbled 0.81% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 0.31% in the last four weeks. The company has outperformed the S&P 500 by 0.38% in the past week but underperformed the index by 0.61% in the last 4 weeks.
TIM Participacoes S.A. (NYSE:TSU): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.56 and $9.44 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.77, notching a gain of 3.28% for the day. The total traded volume was 1,917,165 . The stock had closed at $9.46 on the previous day.
The company shares have dropped -41.98% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $17.42 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $10.06 and the 200 Day Moving Average price is recorded at $9.43.
Institutional Investors own 19.98% of TIM Participacoes S.A. shares.
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.