Analysts at Zacks Investment Research upgraded shares of TIM Participacoes SA (NYSE: TSU) from Sell to Hold today. The company currently has a rating of Hold on the stock. As a means of comparison, a number of other analysts have issued reports on the company in recent days, and TIM Participacoes SA has secured a consensus one-year price target of $13.89, higher than the opening price of $12.06, a difference of 11.50 percent. TIM Participacoes SA stock has a 52-week high of $13.52. Share prices often trend to the upside on recommendations and new price targets of professional brokerage firms.
The Fed stood pat on interest rates on Wednesday, helping stocks to mostly higher levels but Chairwoman Janet Yellen indicated an interest rate hike is likely by year’s end
On Wednesday, the S&P 500 SPX, +1.09% ended 1.1% higher, while the Dow DJIA, +0.90% jumped by 0.9%, or 164 points, as each exchange finished in positive territory for a second consecutive day.
The tech-heavy Nasdaq Composite COMP, +1.03% tacked on 1% and scored a record closing high.
S&P 500 futures ESZ6, +0.36% were up 6.55 points, or 0.3%, to 2,162.75 early Thursday, while Dow Jones Industrial Average futures YMZ6, +0.37% rose 58 points, or 0.3%, to 18,276. Nasdaq-100 futures NQZ6, +0.39% gained 16.25 points, or 0.3%, to 4,866.25.
Shares of TIM Participacoes SA (NYSE: TSU) opened at $12.06 yesterday and traded in a range between, $11.80 and $12.17, and last traded at $12.08, which is an increase of $0.13 over the previous closing price.
TIM Participacoes SA (NYSE: TSU) currently has a market cap of 5.85B.
2,123,056 shares crossed the trading desk yesterday, above the norm, out of a total float 161,768,000. Large increases in trading volume and price inflation together could indicate heavy volume aggregation by institutional investors.
However, one day of significant buy side trading is not enough to determine a trend. So market traders will continue to watch for institutional sponsorship as an indicator that financial institutions are moving forward.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These instituitional investors retain teams of analysts that research thousands of stocks, so it is good corroboration to see them taking a postion in a stock you’re researching.
By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of successful trades.
Trades for TIM Participacoes SA (NYSE: TSU) have ranged from $7.08 – 13.52, and the stock now has a 50-day MA of $12.74 and 200-day MA of $11.18. Today’s last price is 0.11% under the 52 week high of $13.52.
Earnings growth is a critical factor to look at when investing in stocks and investors watch for companies that have been successful at growing their earnings at least 25% or more over 3 consecutive years.
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