TIM Participacoes S.A. (TSU) Momentum Continues

The stock of TIM Participacoes S.A. (NYSE:TSU) has been Upgraded to Overweight from Equal Weight by Barclays in its latest research note that was published on August 01. Morgan Stanley analysts have downgraded their rating of TSU stock from Overweight to Equal-Weight in a separate flash note to investors on June 05. Analysts at Citigroup issued an upgrade fromNeutral to Buy for the stock, in a research note that dated back to December 14.

TIM Participacoes S.A., which has current market capitalization of above $7 Billion, published its last quarter earnings on June 30, 2019.

TSU surged by $0.50 during the normal trading session on Thursday and reaching a high of $15.09 during the day while it closed the day at $15.00. The TIM stock had a low trading volume of 1.45 million shares on that day, which is low compared to the average daily volume of 943.81M shares. TSU has also gained 3.09% of its value over the past 7 days. However, the stock has surged by 4.71% in the 3 months of the year. Over the past six months meanwhile, it has lost 5.33% while it has added 0.33% year-on date. Let us now take a look at the stock’s potential support and resistance levels. The publicly traded company was seen to have slipped by -9.26% from its 3 months high price. However, taking another look at TSU will indicate that it is trading +9.65% away from its 90-day low. Looking at the bigger picture, the TIM Participacoes S.A. stock has dropped by -15.16% from its 52-week high while it has surged by +17.28% from its 52-week low price.

TIM has around 170 Billion cash on their books at the moment. This figure will have to be compared and looked into, with their current liabilities standing at $1 Trillion. The TIM stock is bringing in revenue of over 12 months, which is roughly 474 Billion. Despite all that, TIM Participacoes S.A. is seeing things declining very much as their y-o-y quarterly revenue dropped by -8.17%.

Looking at the stock’s Technical analysis information over the past 50 days shows that its Raw Stochastic average stood at 40.47%. This figure is worse than the company’s 20-day Raw Stochastic average which currently stands at 92.04%. Over the past 20 days, TIM’s Stochastic %K stood at 55.89% while its Stochastic %D was revealed to be 33.24%.