TIM Participacoes S.A. (TSU) Downgraded to “Hold” at Zacks Investment Research

TIM Participacoes S.A. (NYSE:TSU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, June 29th.

According to Zacks, “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%. “

Several other research firms also recently weighed in on TSU. Royal Bank Of Canada reissued a “hold” rating and issued a $16.00 target price on shares of TIM Participacoes in a research report on Wednesday, May 3rd. Barclays PLC boosted their price objective on shares of TIM Participacoes from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Tuesday, May 2nd. J P Morgan Chase & Co raised shares of TIM Participacoes from a “neutral” rating to an “overweight” rating in a research report on Thursday, May 25th. Finally, BidaskClub raised shares of TIM Participacoes from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $17.98.

Shares of TIM Participacoes (NYSE TSU) traded up 0.18% during mid-day trading on Thursday, reaching $17.08. The company’s stock had a trading volume of 1,382,481 shares. The company’s 50-day moving average is $15.23 and its 200-day moving average is $15.39. The stock has a market capitalization of $8.27 billion, a price-to-earnings ratio of 28.71 and a beta of 1.49. TIM Participacoes has a 52 week low of $11.17 and a 52 week high of $17.28.

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Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. raised its position in TIM Participacoes by 333.9% in the second quarter. Daiwa Securities Group Inc. now owns 107,600 shares of the Wireless communications provider’s stock valued at $1,593,000 after buying an additional 82,800 shares in the last quarter. Acadian Asset Management LLC raised its position in TIM Participacoes by 65.4% in the second quarter. Acadian Asset Management LLC now owns 3,321,315 shares of the Wireless communications provider’s stock valued at $49,156,000 after buying an additional 1,313,153 shares in the last quarter. Aperio Group LLC raised its position in TIM Participacoes by 15.4% in the second quarter. Aperio Group LLC now owns 48,642 shares of the Wireless communications provider’s stock valued at $720,000 after buying an additional 6,486 shares in the last quarter. Diversified Trust Co bought a new position in TIM Participacoes during the second quarter valued at $256,000. Finally, Boussard & Gavaudan Investment Management LLP raised its position in TIM Participacoes by 685.1% in the second quarter. Boussard & Gavaudan Investment Management LLP now owns 200,215 shares of the Wireless communications provider’s stock valued at $2,921,000 after buying an additional 174,713 shares in the last quarter. Institutional investors and hedge funds own 19.32% of the company’s stock.

TIM Participacoes Company Profile

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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