TIM Participacoes (NYSE:TSU) Receives a Downgrade
Goldman Sachs has lowered the rating for shares of TIM Participacoes (NYSE:TSU) to a solid “Sell” in an analyst note sent to investors and clients on 18 December. TSU’s previous rating by the firm was a “Neutral”.
From a total of 9 analysts covering TIM Participacoes (NYSE:TSU) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $22 while the lowest target price is $10.1. The mean of all analyst targets is $14.02 with a 59.15% above today’s ($8.69) stock price. TIM Participacoes was the topic of 8 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Bank of America downgraded shares on August 21 to “Neutral” rating.
Approximately 1.09 million shares of stock traded hands. TIM Participacoes SA (ADR) (NYSE:TSU) has declined 38.31% since May 15, 2015 and is downtrending. It has underperformed by 34.51% the S&P500.
TIM Participacoes S.A. is a holding company. The company has a market cap of $4.35 billion. The Firm provides mobile telecommunication services in Brazil. It has 7.94 P/E ratio. The Company, through its subsidiaries in various telecommunications markets, operates mobile, fixed and long distance telephony, data transmission and ultra-broadband services.
According to Zacks Investment Research, “TIM PARTICIPAC?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 Participac?es ended the 3Q08 with 35.2 million clients and a market share of 25%.”