Shares of TIM S.A. Sponsored ADR (NYSE:TIMB – Get Free Report) saw an uptick in trading volume on Thursday. Approximately 383,937 shares changed hands during trading, a decline of 17% from the previous session’s volume of 459,966 shares. The stock last traded at $18.6490 and had previously closed at $18.30.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on TIMB. Barclays lowered their target price on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Bank of America raised shares of TIM from an “underperform” rating to a “neutral” rating in a research report on Tuesday. Wall Street Zen cut shares of TIM from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Weiss Ratings upgraded shares of TIM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Santander raised TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.82.
Get Our Latest Stock Report on TIM
TIM Trading Up 1.2%
The company has a market capitalization of $8.91 billion, a P/E ratio of 11.02, a P/E/G ratio of 1.68 and a beta of 0.33. The company has a 50-day simple moving average of $18.29 and a 200 day simple moving average of $21.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85.
TIM (NYSE:TIMB – Get Free Report) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share for the quarter. The company had revenue of $1.35 billion during the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%. Sell-side analysts expect that TIM S.A. Sponsored ADR will post 1.83 earnings per share for the current year.
TIM Announces Dividend
The business also recently announced a special dividend, which will be paid on Friday, January 29th. Investors of record on Monday, September 28th will be paid a dividend of $0.2102 per share. The ex-dividend date is Monday, September 28th. TIM’s dividend payout ratio is presently 62.13%.
Institutional Trading of TIM
Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its holdings in shares of TIM by 55.5% during the 1st quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock worth $3,578,000 after purchasing an additional 48,232 shares during the period. Bank of America Corp DE raised its position in shares of TIM by 199.8% during the first quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock valued at $6,658,000 after buying an additional 167,504 shares during the last quarter. Assetmark Inc. lifted its stake in shares of TIM by 19.0% in the first quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock valued at $12,993,000 after buying an additional 78,379 shares during the period. QRG Capital Management Inc. lifted its stake in shares of TIM by 6.5% in the second quarter. QRG Capital Management Inc. now owns 20,034 shares of the company’s stock valued at $429,000 after buying an additional 1,222 shares during the period. Finally, Nykredit A S acquired a new stake in TIM during the second quarter worth about $370,000.
TIM Company Profile
TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and government customers. Its offerings include voice and messaging, mobile data, broadband internet, digital services and related connectivity solutions.
The company operates a nationwide telecommunications network in Brazil and serves customers through retail stores, digital channels and business-focused sales operations. TIM also provides enterprise services such as connectivity, information technology and communications solutions, including products related to the Internet of Things, cloud computing and managed networks.
TIM SA traces its roots to the launch of TIM Brasil in the late 1990s and is part of the Telecom Italia Group.
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