UBS Group AG boosted its stake in shares of TIM Participacoes S.A. (NYSE:TSU) by 140.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,445 shares of the Wireless communications provider’s stock after buying an additional 22,483 shares during the period. UBS Group AG’s holdings in TIM Participacoes were worth $615,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in TSU. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in shares of TIM Participacoes during the first quarter valued at about $200,000. AXA bought a new stake in shares of TIM Participacoes during the first quarter valued at approximately $329,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of TIM Participacoes during the fourth quarter valued at approximately $336,000. Comerica Bank raised its stake in shares of TIM Participacoes by 12.1% in the fourth quarter. Comerica Bank now owns 28,412 shares of the Wireless communications provider’s stock valued at $370,000 after buying an additional 3,060 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of TIM Participacoes by 117.5% in the first quarter. Daiwa Securities Group Inc. now owns 24,800 shares of the Wireless communications provider’s stock valued at $396,000 after buying an additional 13,400 shares during the last quarter. 19.56% of the stock is currently owned by institutional investors.
TIM Participacoes S.A. (NYSE:TSU) traded up 0.45% on Friday, reaching $17.82. 1,103,753 shares of the company’s stock were exchanged. The stock has a market capitalization of $8.63 billion, a P/E ratio of 30.20 and a beta of 1.52. TIM Participacoes S.A. has a 1-year low of $11.17 and a 1-year high of $18.09. The firm’s 50 day moving average is $16.56 and its 200 day moving average is $15.79.
Several equities research analysts have commented on TSU shares. TheStreet upgraded shares of TIM Participacoes from a “c” rating to a “b-” rating in a research report on Wednesday, July 26th. Barclays PLC restated a “buy” rating and set a $18.50 target price (up from $17.50) on shares of TIM Participacoes in a research report on Thursday, July 27th. Deutsche Bank AG upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $20.00 in a research report on Wednesday, July 26th. BidaskClub upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research upgraded shares of TIM Participacoes from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $18.90.
About TIM Participacoes
TIM Participacoes SA (TIM) is a provider of 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. Its direct subsidiaries include TIM Celular SA, 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.
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