NEW YORK ( TheStreet) -- Tim Holding Company (NYSE: TSU) hit a new 52-week high Friday as it is currently trading at $29.75, above its previous 52-week high of $29.65 with 952,354 shares traded as of 12:06 p.m. ET. Average volume has been 877,900 shares over the past 30 days.

Tim Holding has a market cap of $7.3 billion and is part of the technology sector and telecommunications industry. Shares are unchanged year to date as of the close of trading on Thursday.

TIM Participacoes S.A. provides mobile telecommunications services through global system mobile (GSM) technology to business and individual customers in Brazil. It provides prepaid and post paid services. The company has a P/E ratio of 3.7, above the average telecommunications industry P/E ratio of 1.9 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tim Holding as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and attractive valuation levels. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Tim Holding Ratings Report.

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