TIM Participacoes S.A. (TSU) : Traders are bullish on TIM Participacoes S.A. (TSU) as it has outperformed the S&P 500 by a wide margin of 9.57% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.34%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.4% in the last 1 week, and is up 10.7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.87% and the 50-Day Moving Average is 17%. TIM Participacoes S.A. (NYSE:TSU): On Fridays trading session , Opening price of the stock was $12.83 with an intraday high of $13.1501. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $12.79. However, the stock managed to close at $13.04, a loss of 0.69% for the day. On the previous day, the stock had closed at $13.13. The total traded volume of the day was 500,628 shares.
Institutional Investors own 19.78% of TIM Participacoes S.A. shares. Also, Major Brokerage house, Barclays maintains its ratings on TIM Participacoes S.A. (NYSE:TSU). In the latest research report, Barclays raises the target price from $11.5 per share to $12.5 per share. According to the latest information available, the shares are now rated Equalweight by the analysts at the agency. 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.