TIM Participacoes SA (ADR) (TSU) was Upgraded by Barclays to ” Overweight”. Earlier the firm had a rating of “Equal Weight ” on the company shares. Barclays advised their investors in a research report released on Oct 17, 2016.
TIM Participacoes SA (ADR) closed down -0.02 points or -0.15% at $13.08 with 12,14,795 shares getting traded on Friday. Post opening the session at $13.31, the shares hit an intraday low of $13.07 and an intraday high of $13.375 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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 Company’s 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.