Barclays Maintains Their Buy Rating on Tim Participacoes

By Carrie Williams

In a report released today, Mathieu Robilliard from Barclays maintained a Buy rating on Tim Participacoes (NYSE: TSU), with a price target of $22.50. The company’s shares opened today at $21.70, close to its 52-week high of $22.73.

Robilliard has an average return of 8.5% when recommending Tim Participacoes.

According to TipRanks.com, Robilliard is ranked #1155 out of 4771 analysts.

Currently, the analyst consensus on Tim Participacoes is Moderate Buy and the average price target is $24.08, representing a 11.0% upside.

In a report issued on April 3, Goldman Sachs also initiated coverage with a Buy rating on the stock with a $30 price target.

The company has a one-year high of $22.73 and a one-year low of $13.54. Currently, Tim Participacoes has an average volume of 1.03M.

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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.