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Barclays upgraded TIM Participacoes (NYSE:TSU) from Equal Weight to Overweight in a report released today.

Yesterday TIM Participacoes (NYSE:TSU) traded 1.15% higher at $13.08. The company’s 50-day moving average is $12.55 and its 200-day moving average is $11.40. The last stock close price is up 16.03% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,118,885 shares of the stock were exchanged, up from an average trading volume of 1,011,030

Barclays has upgraded TIM Participacoes (NYSE:TSU) from Equal Weight to Overweight in a report released on 10/17/2016.

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TIM Participacoes (NYSE:TSU)

TIM Participacoes has a 52 week low of $7.08 and a 52 week high of $13.52 with a P/E ratio of 20.35 The company’s market cap is currently $0.

In addition to Barclays reporting its stock price target, a total of 8 brokerages have issued a research note on the company. The average stock price target is $13.35 with zero analysts rating the company a strong buy, three analysts rating the company a buy, five analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About TIM Participacoes (NYSE:TSU)

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. Its consumer plans include prepaid plans, post-paid plans and controle plans. It offers value-added services, including short message services or text messaging, multimedia messaging services and push-mail.

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