TIM (NYSE:TIMB) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of TIM (NYSE:TIMB) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on the company. Zacks Research upgraded TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Barclays lifted their price objective on shares of TIM from $20.00 to $21.00 and gave the company an “equal weight” rating in a report on Monday, October 6th. HSBC upgraded shares of TIM from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $27.00 in a report on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of TIM from $22.00 to $24.50 and gave the company an “overweight” rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of TIM in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, TIM currently has an average rating of “Moderate Buy” and an average target price of $23.10.

TIM Price Performance

Shares of NYSE TIMB opened at $22.87 on Wednesday. The company has a fifty day moving average price of $21.79 and a 200 day moving average price of $19.72. The firm has a market cap of $11.07 billion, a PE ratio of 17.73, a PEG ratio of 0.88 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. TIM has a 1-year low of $11.32 and a 1-year high of $23.69.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Monday, November 3rd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.21 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. Research analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.1888 per share. The ex-dividend date is Friday, October 3rd. TIM’s payout ratio is currently 65.07%.

Institutional Investors Weigh In On TIM

Several hedge funds have recently bought and sold shares of TIMB. Robeco Institutional Asset Management B.V. grew its holdings in TIM by 10.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock valued at $70,029,000 after buying an additional 339,384 shares in the last quarter. Banco BTG Pactual S.A. lifted its holdings in shares of TIM by 1,302.9% during the first quarter. Banco BTG Pactual S.A. now owns 260,933 shares of the company’s stock worth $4,084,000 after buying an additional 242,333 shares in the last quarter. Altman Advisors Inc. bought a new stake in shares of TIM in the first quarter valued at about $1,979,000. Allianz Asset Management GmbH acquired a new position in shares of TIM in the third quarter valued at about $2,393,000. Finally, American Century Companies Inc. grew its stake in shares of TIM by 26.4% in the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock valued at $8,961,000 after acquiring an additional 93,179 shares in the last quarter.

About TIM

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.