TIM Participacoes S.A. American (NYSE:TSU) Traded Above Its 50 Day Moving Average


The stock last traded at $18.82 just above $17.90, the stock’s 50 day moving average and which is impressively higher than the 200 day moving average of $16.21. The 50 day moving average went up $0.92 or +5.11% whereas the 200 day average was up by +16.10%. Trading volume for TIM Participacoes S.A. American was 1,714K on Wednesday. Volume was up 6.82% over the stocks average daily volume.

Short traders are more bullish on shares of the company recently as indicated by the change in short interest. The company experienced a fall in short interest of -5.47% between August 15, 2017 and August 31, 2017. Short shares decreased 57,067 over that timeframe. The short-interest ratio decreased to 1.0 and the percentage of shorted shares was 0.00% on August 31.

The following firms have recently changed their position in TSU. As of quarter end Exane Asset Management had sold a total of 493,581 shares trimming its position 27.7%. The value in dollars went from $28,443,000 to $19,037,773,000 a change of $19,009,330,000 quarter to quarter. As of the end of the quarter Jane Street Group, LLC had disposed of 2,678 shares trimming its holdings by 10.7%. The value of the investment in TSU decreased from $399,000 to $330,000 decreasing 17.3% quarter over quarter.

Ubs Group Ag augmented its stake by buying 3,250 shares an increase of 351.4% from 03/31/2017 to 06/30/2017. Ubs Group Ag claims 4,175 shares worth $62,000. The value of the position overall is up by 313.3%. Quadrant Capital Group LLC bolstered its position by buying 48 shares an increase of 47.5% in the quarter. Quadrant Capital Group LLC currently owns 149 shares with a value of $2,000. The total value of its holdings increased 100.0%.

On July 27 Barclays made no change to the company rating of “Overweight” and raised the price target from $15.00 to $18.50.

The company is now unchanged by %% since yesterday’s close of 18.82. The company also declared a dividend paid on Monday June 26th, 2017. The dividend payment was $0.023 per share for the quarter which comes to $0.09 on an annualized basis. The dividend yield was $0.51. The ex-dividend date was set for Thursday the 20th of April 2017.

The P/E ratio is 32.17 and the market value is 9.11B. In the latest earnings report the EPS was $0.58 and is estimated to be $0.58 for the current year with 484,078,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.25 and the next full year EPS is anticipated to be $0.76.

TIM Participacoes S.A. (TIM), launched on May 22, 1998, is a holding company. The Company provides 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. The Business’s 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 (DF)..