The stock of TIM Participacoes SA (ADR) (NYSE:TSU) hit a new 52-week high and has $18.32 target or 39.00% above today’s $13.18 share price. The 7 months bullish chart indicates low risk for the $6.37B company. The 1-year high was reported on Oct, 17 by Barchart.com. If the $18.32 price target is reached, the company will be worth $2.48 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 559,181 shares traded hands. TIM Participacoes SA (ADR) (NYSE:TSU) has risen 24.81% since March 14, 2016 and is uptrending. It has outperformed by 19.20% the S&P500.
Analysts await TIM Participacoes SA (ADR) (NYSE:TSU) to report earnings on November, 1. They expect $0.06 earnings per share, down 71.43% or $0.15 from last year’s $0.21 per share. TSU’s profit will be $29.00M for 54.92 P/E if the $0.06 EPS becomes a reality. After $0.04 actual earnings per share reported by TIM Participacoes SA (ADR) for the previous quarter, Wall Street now forecasts 50.00% EPS growth.
TIM Participacoes SA (ADR) (NYSE:TSU) Ratings Coverage
Out of 5 analysts covering TIM Participacoes (NYSE:TSU), 2 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 40% are positive. $20 is the highest target while $8 is the lowest. The $14.67 average target is 11.31% above today’s ($13.18) stock price. TIM Participacoes has been the topic of 12 analyst reports since August 5, 2015 according to StockzIntelligence Inc. On Friday, August 21 the stock rating was downgraded by Bank of America to “Neutral”. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, October 6. The stock of TIM Participacoes SA (ADR) (NYSE:TSU) earned “Sell” rating by Goldman Sachs on Friday, December 18. The rating was upgraded by Bank of America to “Buy” on Tuesday, July 26. The rating was maintained by Barclays Capital with “Equalweight” on Wednesday, July 27. As per Wednesday, August 5, the company rating was downgraded by JP Morgan.
According to Zacks Investment Research, “TIM PARTICIPAÃ‡Ã•ES S.A. is a holding company, the single company in Brazil to offer mobile cellular service throughout the Brazilian territory, by means of its subsidiaries TIM Celular S.A. and TIM Nordeste S.A. The company is the largest GSM (Global System for Mobile communications) operator of the country, in terms of clients and revenues and TIM ParticipaÃ§Ãµes ended the 3Q08 with 35.2 million clients and a market share of 25%.”
Another recent and important TIM Participacoes SA (ADR) (NYSE:TSU) news was published by Quotes.Wsj.com which published an article titled: “DOW JONES, A NEWS CORP COMPANY” on February 12, 2011.
TSU Company Profile
TIM Participacoes S.A. (TIM), incorporated on May 22, 1998, is a holding company. The Firm 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 direct subsidiaries include TIM Celular S.A., which provides landline telephone services (commuted fixed telephonic service (STFC))-domestic long distance and international long distance voice services, personal mobile service (SMP) and multimedia communication service (multimedia service of communication (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).
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