Stock On Watch: Is TIM Participacoes SA (ADR)’s Fuel Running Low? The Stock Reaches 52-Week High Today

Stock On Watch: Is TIM Participacoes SA (ADR)'s Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of TIM Participacoes SA (ADR) (NYSE:TSU) hit a new 52-week high and has $22.45 target or 63.00% above today’s $13.77 share price. The 8 months bullish chart indicates low risk for the $6.73 billion company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $22.45 price target is reached, the company will be worth $4.24B 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 692,787 shares traded hands. TIM Participacoes SA (ADR) (NYSE:TSU) has risen 21.70% since March 30, 2016 and is uptrending. It has outperformed by 18.69% the S&P500.

TIM Participacoes SA (ADR) (NYSE:TSU) Ratings Coverage

Out of 5 analysts covering TIM Participacoes (NYSE:TSU), 3 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 60% are positive. TIM Participacoes has been the topic of 13 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of TIM Participacoes SA (ADR) (NYSE:TSU) earned “Neutral” rating by JP Morgan on Wednesday, August 5. The firm has “Neutral” rating given on Friday, August 21 by Bank of America. The firm earned “Equal-Weight” rating on Tuesday, October 6 by Barclays Capital. Barclays Capital maintained the shares of TSU in a report on Wednesday, July 27 with “Equalweight” rating. The stock has “Buy” rating given by Bank of America on Tuesday, July 26. The rating was upgraded by Barclays Capital on Monday, October 17 to “Overweight”. The stock has “Sell” rating given by Goldman Sachs on Friday, December 18.

According to Zacks Investment Research, “TIM PARTICIPAÇÕES 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 Participações ended the 3Q08 with 35.2 million clients and a market share of 25%.”

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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