TIM S.A. Sponsored ADR (NYSE:TIMB – Get Free Report) insider Auana Mattar Lima sold 8,200 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $4.42, for a total transaction of $36,244.00. Following the completion of the sale, the insider directly owned 36,686 shares of the company’s stock, valued at $162,152.12. This represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
TIM Trading Up 1.8%
TIM stock opened at $22.51 on Thursday. The firm has a 50 day moving average of $25.46 and a 200 day moving average of $23.87. The firm has a market capitalization of $10.90 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 1.14 and a beta of 0.43. TIM S.A. Sponsored ADR has a 12-month low of $16.64 and a 12-month high of $28.22. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58.
TIM (NYSE:TIMB – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. As a group, research analysts predict that TIM S.A. Sponsored ADR will post 1.81 earnings per share for the current year.
TIM Dividend Announcement
Institutional Trading of TIM
Institutional investors have recently bought and sold shares of the stock. Inspire Investing LLC increased its stake in TIM by 10.1% in the first quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock worth $111,000 after purchasing an additional 386 shares during the period. Wells Fargo & Company MN increased its stake in TIM by 53.8% in the fourth 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 period. EverSource Wealth Advisors LLC increased its stake in TIM by 23.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock worth $51,000 after purchasing an additional 504 shares during the period. NewEdge Advisors LLC increased its stake in TIM by 5.2% in the fourth quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock worth $283,000 after purchasing an additional 714 shares during the period. Finally, DGS Capital Management LLC increased its stake in TIM by 1.9% in the first quarter. DGS Capital Management LLC now owns 40,919 shares of the company’s stock worth $1,084,000 after purchasing an additional 753 shares during the period.
Wall Street Analyst Weigh In
TIMB has been the subject of several recent analyst reports. Scotiabank dropped their price target on TIM from $29.50 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. The Goldman Sachs Group initiated coverage on TIM in a research note on Monday. They issued a “neutral” rating and a $23.40 price target for the company. Citigroup downgraded TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Wall Street Zen upgraded TIM from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Zacks Research downgraded TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, TIM currently has an average rating of “Hold” and an average target price of $25.65.
Read Our Latest Stock Report on TIM
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. 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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