The stock of TIM Participacoes SA (ADR) (NYSE:TSU) is a huge mover today! About 1.30M shares traded hands or 14.04% up from the average. TIM Participacoes SA (ADR) (NYSE:TSU) has risen 29.15% since April 8, 2016 and is uptrending. It has outperformed by 23.50% the S&P500.
The move comes after 5 months negative chart setup for the $5.88 billion company. It was reported on Nov, 10 by Barchart.com. We have $11.57 PT which if reached, will make NYSE:TSU worth $294.00 million less.
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 firm earned “Equalweight” rating on Wednesday, July 27 by Barclays Capital. On Monday, October 17 the stock rating was upgraded by Barclays Capital to “Overweight”. The rating was downgraded by Barclays Capital on Tuesday, October 6 to “Equal-Weight”. The stock of TIM Participacoes SA (ADR) (NYSE:TSU) has “Neutral” rating given on Wednesday, August 5 by JP Morgan. The firm has “Sell” rating by Goldman Sachs given on Friday, December 18. As per Friday, August 21, the company rating was downgraded by Bank of America. The firm earned “Buy” rating on Tuesday, July 26 by Bank of America.
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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