TIM Participacoes S.A. (TSU) was a big mover last session, as the company saw its shares rise by nearly 7% on the day. The move came on the back of solid volume too, as far more shares changed hands than in a normal session. This continues the recent uptrend for this wireless technology company as the stock has risen more than 19% in the past one month time frame.
The company’s earnings consensus has moved lower over the past one month, suggesting there may be trouble down the road for TSU. So make sure to keep an eye on this stock going forward to see if this recent rally can last.
TIM Participacoes currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is positive.
Some better performing wireless technology stocks include Cellcom Israel Ltd. (CEL), Brunswick SK Telecom Co. Ltd. (SKM) and National Technical Systems Inc. (NTSC). All these carry the same Zacks Rank as TIM Participacoes.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>