TIM Participacoes (TSU) Hits New 1-Year Low at $12.98

TIM Participacoes SA (NYSE:TSU)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.98 and last traded at $13.29, with a volume of 40754 shares traded. The stock had previously closed at $13.38.

A number of brokerages recently issued reports on TSU. New Street Research cut TIM Participacoes from a “buy” rating to a “neutral” rating in a report on Friday, January 25th. Zacks Investment Research downgraded shares of TIM Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, Barclays reaffirmed a “hold” rating and set a $19.00 price target on shares of TIM Participacoes in a research note on Monday, February 4th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. TIM Participacoes currently has a consensus rating of “Hold” and an average target price of $18.83.

The company has a market cap of $6.46 billion, a price-to-earnings ratio of 9.68 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.40.

TIM Participacoes (NYSE:TSU) last announced its earnings results on Tuesday, February 19th. The Wireless communications provider reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.08. TIM Participacoes had a net margin of 13.94% and a return on equity of 12.13%. The business had revenue of $1.18 billion for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in TSU. Oxford Asset Management LLP grew its stake in TIM Participacoes by 1.6% in the 1st quarter. Oxford Asset Management LLP now owns 138,885 shares of the Wireless communications provider’s stock valued at $2,094,000 after acquiring an additional 2,129 shares during the period. Hsbc Holdings PLC boosted its stake in TIM Participacoes by 148.9% during the 1st quarter. Hsbc Holdings PLC now owns 229,000 shares of the Wireless communications provider’s stock worth $3,453,000 after purchasing an additional 137,000 shares during the last quarter. Marshall Wace LLP boosted its stake in TIM Participacoes by 196.1% during the 1st quarter. Marshall Wace LLP now owns 590,852 shares of the Wireless communications provider’s stock worth $8,909,000 after purchasing an additional 391,274 shares during the last quarter. Renaissance Technologies LLC boosted its stake in TIM Participacoes by 4.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,407,538 shares of the Wireless communications provider’s stock worth $66,466,000 after purchasing an additional 178,600 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in TIM Participacoes by 12.9% during the 1st quarter. AQR Capital Management LLC now owns 7,491,752 shares of the Wireless communications provider’s stock worth $112,976,000 after purchasing an additional 858,560 shares during the last quarter. 14.93% of the stock is currently owned by institutional investors and hedge funds.

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About TIM Participacoes (NYSE:TSU)

TIM Participações SA provides telecommunication services in Brazil. It offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. The company offers prepaid and postpaid services; corporate solutions for mobile or fixed services, as well as mobile-to-mobile services; value-added services; financial and other services; digital channels; and customer services.

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