Shares of TIM S.A. Sponsored ADR (NYSE:TIMB – Get Free Report) crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $18.43 and traded as high as $18.50. TIM shares last traded at $18.4440, with a volume of 719,450 shares.
Wall Street Analysts Forecast Growth
TIMB has been the topic of a number of recent research reports. Morgan Stanley reaffirmed a “market perform” rating and set a $22.00 price objective on shares of TIM in a research note on Thursday, August 20th. Weiss Ratings lowered TIM from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Barclays dropped their target price on TIM from $24.00 to $22.00 and set an “equal weight” rating for the company in a report on Monday, November 2nd. Bank of America upgraded TIM from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 13th. Finally, Wall Street Zen cut shares of TIM from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Two equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.98.
Check Out Our Latest Stock Report on TIM
TIM Trading Up 1.7%
The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.82. The stock’s 50 day moving average is $18.43 and its 200-day moving average is $21.99. The company has a market capitalization of $8.82 billion, a P/E ratio of 10.91, a P/E/G ratio of 1.66 and a beta of 0.39.
TIM (NYSE:TIMB – Get Free Report) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. TIM had a return on equity of 17.99% and a net margin of 15.73%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. As a group, equities research analysts anticipate that TIM S.A. Sponsored ADR will post 1.79 earnings per share for the current year.
TIM Announces Dividend
The company also recently announced a special dividend, which will be paid on Friday, January 29th. Stockholders of record on Monday, September 28th will be given a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio is currently 62.13%.
Institutional Investors Weigh In On TIM
Hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC purchased a new stake in TIM in the second quarter worth $25,000. Eastern Bank purchased a new position in TIM during the second quarter valued at $34,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TIM during the 3rd quarter valued at $43,000. Integrated Wealth Concepts LLC bought a new stake in shares of TIM during the 2nd quarter valued at $56,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of TIM by 73.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,544 shares of the company’s stock valued at $120,000 after buying an additional 1,925 shares in the last quarter.
TIM Company Profile
TIM SA is a Brazilian telecommunications company that provides mobile voice and data services to consumers and businesses. Its offerings include mobile plans, internet access and digital services, supported by its wireless network.
The company also offers fixed broadband services, including fiber-optic internet, under the TIM brand. It serves customers across Brazil, with mobile coverage extending throughout the country.
TIM began operating in Brazil in 1998 and has since expanded its network and range of telecommunications services.
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