Barclays Believes Tim Participacoes (NYSE: TSU) Won’t Stop Here

By Austin Angelo

In a report released today, Mathieu Robilliard from Barclays maintained a Buy rating on Tim Participacoes (NYSE: TSU), with a price target of $22. The company’s shares closed yesterday at $21.02, close to its 52-week high of $21.75.

According to TipRanks.com, Robilliard is a 4-star analyst with an average return of 12.0% and a 77.4% success rate. Robilliard covers the Technology sector, focusing on stocks such as Telecom Italia SPA, Telefonica Brasil, and Deutsche Telekom.

Tim Participacoes has an analyst consensus of Moderate Buy, with a price target consensus of $20.23.

The company has a one-year high of $21.75 and a one-year low of $13.54. Currently, Tim Participacoes has an average volume of 790.7K.

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TIM Participações SA operates as a holding company, which engages in the provision of wireless cellular telecommunication services. The firm also provides private and public telephone services at both the local and regional levels.