Brokerage Firm Rating Update on TIM Participacoes S.A. (TSU)

TIM Participacoes S.A. (TSU) : 5 analysts are covering TIM Participacoes S.A. (TSU) and their average rating on the stock is 2.2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

TIM Participacoes S.A. (TSU) has been rated by 4 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $22 and the lowest price target forecast is $13. The average forecast of all the analysts is $15.58 and the expected standard deviation is $4.31.


Company shares have received an average consensus rating of Hold for the current week Also, Barclays maintains their rating on the shares of TIM Participacoes S.A. (NYSE:TSU). The current rating of the shares is Equalweight. Equity Analysts at the Firm raises the price target to $12.5 per share from $11.5 per share. The rating by the firm was issued on July 27, 2016.

TIM Participacoes S.A. (NYSE:TSU): The stock opened at $13.33 and touched an intraday high of $13.51 on Wednesday. During the day, the stock corrected to an intraday low of $13.3, however, the bulls stepped in and pushed the price higher to close in the green at $13.5 with a gain of 1.20% for the day. The total traded volume for the day was 577,524. The stock had closed at $13.34 in the previous trading session.

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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