Wall Street Zen upgraded shares of TIM (NYSE:TIMB – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning.
A number of other brokerages also recently commented on TIMB. Citigroup downgraded TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Barclays boosted their price target on TIM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Bradesco Corretora cut TIM to a “neutral” rating in a research report on Tuesday, April 28th. Weiss Ratings cut TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $25.65.
Read Our Latest Report on TIMB
TIM Stock Performance
TIM (NYSE:TIMB – Get Free Report) last issued its earnings results on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a net margin of 16.00% and a return on equity of 17.77%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Analysts anticipate that TIM will post 1.81 earnings per share for the current fiscal year.
TIM Announces Dividend
The business also recently declared a special dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, March 30th were given a $0.1552 dividend. The ex-dividend date of this dividend was Monday, March 30th. TIM’s payout ratio is currently 67.07%.
Hedge Funds Weigh In On TIM
Several large investors have recently made changes to their positions in TIMB. Wells Fargo & Company MN lifted its position in shares of TIM by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after purchasing an additional 494 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in shares of TIM during the 3rd quarter worth about $28,000. Kestra Advisory Services LLC acquired a new position in shares of TIM during the 4th quarter worth about $39,000. EverSource Wealth Advisors LLC lifted its position in shares of TIM by 188.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after purchasing an additional 1,345 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of TIM during the 2nd quarter worth about $42,000.
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
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