TIM S.A. Sponsored ADR (NYSE:TIMB) Receives Average Recommendation of “Hold” from Analysts

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have received a consensus recommendation of “Hold” from the ten brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.25.

Several equities research analysts recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of TIM in a report on Monday, December 29th. HSBC raised TIM from a “hold” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $27.00 in a report on Wednesday, November 5th. Barclays upped their price target on shares of TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a report on Friday, November 7th. Jefferies Financial Group downgraded shares of TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Citigroup cut shares of TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st.

Hedge Funds Weigh In On TIM

A number of institutional investors have recently bought and sold shares of TIMB. Royal Bank of Canada lifted its stake in TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after buying an additional 789 shares in the last quarter. Amundi acquired a new stake in shares of TIM during the first quarter valued at approximately $87,000. Goldman Sachs Group Inc. lifted its position in shares of TIM by 4.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after acquiring an additional 47,130 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in TIM by 18.6% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 19,268 shares of the company’s stock worth $389,000 after purchasing an additional 3,016 shares during the period. Finally, Ethic Inc. boosted its stake in TIM by 52.0% in the 2nd quarter. Ethic Inc. now owns 21,442 shares of the company’s stock worth $417,000 after purchasing an additional 7,340 shares during the period.

TIM Stock Down 0.7%

Shares of TIM stock opened at $27.32 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86. TIM has a 1-year low of $13.65 and a 1-year high of $27.74. The business’s fifty day moving average price is $22.80 and its two-hundred day moving average price is $22.17. The company has a market capitalization of $13.23 billion, a P/E ratio of 17.07, a PEG ratio of 0.71 and a beta of 0.47.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.84%. As a group, research analysts forecast that TIM will post 1.34 EPS for the current year.

TIM Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th were given a dividend of $0.6784 per share. The ex-dividend date of this dividend was Monday, December 29th. TIM’s payout ratio is 84.38%.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA