TIM Participacoes (NYSE:TSU) Downgraded by Zacks Investment Research

Zacks Investment Research downgraded shares of TIM Participacoes (NYSE:TSU) from a hold rating to a sell rating in a research note released on Saturday, Zacks.com reports.

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 have also commented on TSU. Morgan Stanley reaffirmed a top pick rating on shares of in a report on Wednesday, June 5th. New Street Research raised shares of TIM Participacoes from a neutral rating to a buy rating in a report on Thursday, June 20th. TheStreet raised shares of Whirlpool from a c+ rating to a b- rating in a report on Monday, July 22nd. Finally, ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $18.13.

NYSE:TSU opened at $15.83 on Friday. TIM Participacoes has a one year low of $12.79 and a one year high of $17.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.98 and a current ratio of 1.01. The stock has a market capitalization of $7.69 billion, a price-to-earnings ratio of 11.55, a price-to-earnings-growth ratio of 3.67 and a beta of 0.91. The firm has a fifty day simple moving average of $15.42.

TIM Participacoes (NYSE:TSU) last posted its quarterly earnings results on Tuesday, May 7th. The Wireless communications provider reported $0.07 EPS for the quarter. TIM Participacoes had a net margin of 13.94% and a return on equity of 12.13%. The company had revenue of $1.11 billion for the quarter. On average, research analysts predict that TIM Participacoes will post 0.73 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Laurion Capital Management LP purchased a new stake in shares of TIM Participacoes during the 1st quarter worth about $1,507,000. Marshall Wace North America L.P. boosted its stake in shares of TIM Participacoes by 674.3% during the 1st quarter. Marshall Wace North America L.P. now owns 269,598 shares of the Wireless communications provider’s stock worth $4,066,000 after acquiring an additional 234,780 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of TIM Participacoes by 2,095.3% during the 1st quarter. Quadrant Capital Group LLC now owns 3,271 shares of the Wireless communications provider’s stock worth $48,000 after acquiring an additional 3,122 shares in the last quarter. Barclays PLC boosted its stake in shares of TIM Participacoes by 33.3% during the 4th quarter. Barclays PLC now owns 23,770 shares of the Wireless communications provider’s stock worth $365,000 after acquiring an additional 5,933 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of TIM Participacoes by 6.0% during the 1st quarter. Eqis Capital Management Inc. now owns 53,110 shares of the Wireless communications provider’s stock worth $801,000 after acquiring an additional 3,012 shares in the last quarter. 14.77% of the stock is currently owned by institutional investors and hedge funds.

TIM Participacoes Company Profile

TIM Participações SA provides telecommunication services in Brazil. It offers mobile voice and data, broadband Internet access, value-added, and other telecommunications services and products. The company offers prepaid and postpaid services; corporate solutions for mobile or fixed services, as well as mobile-to-mobile services; value-added services; financial and other services; digital channels; and customer services.

Further Reading: NASDAQ

Get a free copy of the Zacks research report on TIM Participacoes (TSU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for TIM Participacoes (NYSE:TSU)

Receive News & Ratings for TIM Participacoes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM Participacoes and related companies with MarketBeat.com's FREE daily email newsletter.