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Why TIM Participacoes (TSU) Could Be Positioned for a Surge


TIM Participacoes S.A. TSU is the single company in Brazil to offer mobile cellular service throughout the Brazilian territory, by means of its subsidiaries. It could be an interesting play for investors because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TSU’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that TIM Participacoes could be a solid choice for investors.

Current Quarter Estimates for TSU

In the past 30 days, one estimate has gone higher for TIM Participacoes while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 8 cents today, a move of 60%.

TIM Participacoes S.A. Price and Consensus

Current Year Estimates for TSU

Meanwhile, TIM Participacoes’ current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 34 cents per share 30 days ago to 47 cents per share today, an increase of 38.2%.

Bottom Line

The stock has also started to move higher lately, adding 19.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

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