Tim Participacoes Gets a Hold Rating from RBC Capital

By Jason Carr

RBC Capital analyst Julio Arciniegas reiterated a Hold rating on Tim Participacoes (NYSE: TSU) today and set a price target of $17.50. The company’s shares opened today at $16.42, close to its 52-week low of $16.15.

According to TipRanks.com, Arciniegas is ranked #3760 out of 4836 analysts.

Currently, the analyst consensus on Tim Participacoes is a Hold with an average price target of $17.83, which is an 8.6% upside from current levels. In a report issued on July 23, Barclays also maintained a Hold rating on the stock with a $18 price target.

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Tim Participacoes’ market cap is currently $8.12B and has a P/E ratio of 17.98. The company has a Price to Book ratio of 1.44.

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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.