Standpoint Research Downgrades TIM Participacoes (TSU) to Hold; Valuation Call
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Price: $12.28 --0%
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 50
Rating Summary:
7 Buy, 8 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 50
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Standpoint Research downgraded TIM Participacoes (NYSE: TSU) from Buy to Hold.
Analyst Ronnie Moas, said, "The shares hit our $31 price target on Friday and are fairly valued at 5X EV/EBITDA … the top of the trading range for this stock on that valuation measure...TSU shares are up 20% since our December 5 recommendation and beat the S&P-500 by 1200 bps."
For an analyst ratings summary and ratings history on TIM Participacoes click here. For more ratings news on TIM Participacoes click here.
Shares of TIM Participacoes closed at $30.71 yesterday.
Analyst Ronnie Moas, said, "The shares hit our $31 price target on Friday and are fairly valued at 5X EV/EBITDA … the top of the trading range for this stock on that valuation measure...TSU shares are up 20% since our December 5 recommendation and beat the S&P-500 by 1200 bps."
For an analyst ratings summary and ratings history on TIM Participacoes click here. For more ratings news on TIM Participacoes click here.
Shares of TIM Participacoes closed at $30.71 yesterday.
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