TIM Participacoes (NYSE:TSU) Downgrade

TIM Participacoes (NYSE:TSU)’s “Buy” rating is no longer valid. analysts at Deutsche Bank downgraded Tim Participacoes (NYSE:TSU)’s rating to “Hold”.

The stock downgrade is noticed by equity trades, as NYSE:TSU is currently trading -2.17% lower at $17.34 as of 10:05 AM New York time. TIM Participacoes shares have [From2] 0% over the last 200 days, while the S&P 500 Index has risen 6.00% over the same time period.

Out of 8 brokers covering TIM Participacoes, 3 rate it a Buy, 5 indicate a Hold while 0 suggest a Sell. The highest target is $21.7 and the lowest is $8.3 according to Thomson/First Call. The 12-month mean target is $13.35, which means downside potential of 23.01% over the current price.

TIM Participacoes (NYSE:TSU) Profile

TIM Participacoes S.A. (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 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.

TIM Participacoes (NYSE:TSU) traded down -2.17% on 30 January, hitting $17.34. A total of 439,339 shares of the company’s stock traded hands. This is down from average of 815,764 shares. TIM Participacoes has a 52 week low of $11.17 and a 52 week high of $19.42. The company has a market cap of $8.43 billion and a P/E ratio of 27.69.

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