TIM (NYSE:TIMB) PT Lowered to $19.00 at Barclays

TIM (NYSE:TIMB) had its price target reduced by equities research analysts at Barclays from $20.00 to $19.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 16.03% from the stock’s previous close.

TIM Trading Down 3.0 %

TIMB stock opened at $16.38 on Wednesday. The business’s 50-day moving average is $17.78 and its two-hundred day moving average is $17.71. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.50. TIM has a 1 year low of $13.53 and a 1 year high of $19.14.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, February 6th. The company reported $0.37 earnings per share for the quarter. TIM had a net margin of 11.96% and a return on equity of 10.64%. The firm had revenue of $1.27 billion for the quarter. On average, equities research analysts anticipate that TIM will post 1.37 EPS for the current fiscal year.

Hedge Funds Weigh In On TIM

Large investors have recently bought and sold shares of the business. Fiera Capital Corp acquired a new position in shares of TIM in the 4th quarter valued at $1,700,000. Brandes Investment Partners LP boosted its stake in TIM by 98.3% in the fourth quarter. Brandes Investment Partners LP now owns 182,703 shares of the company’s stock valued at $3,375,000 after acquiring an additional 90,562 shares in the last quarter. UBS Group AG boosted its stake in TIM by 19.3% in the fourth quarter. UBS Group AG now owns 453,388 shares of the company’s stock valued at $8,374,000 after acquiring an additional 73,388 shares in the last quarter. Capital Wealth Planning LLC grew its holdings in shares of TIM by 134.0% during the fourth quarter. Capital Wealth Planning LLC now owns 96,935 shares of the company’s stock worth $1,790,000 after purchasing an additional 55,513 shares during the last quarter. Finally, Penserra Capital Management LLC acquired a new stake in shares of TIM during the third quarter worth about $617,000.

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.