TIM (NYSE:TIMB) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen cut shares of TIM (NYSE:TIMB) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.

Other analysts have also issued reports about the company. Barclays set a $17.50 target price on TIM in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their target price on TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.33.

TIM Stock Performance

Shares of NYSE:TIMB opened at $18.59 on Friday. TIM has a twelve month low of $11.32 and a twelve month high of $18.99. The firm has a market cap of $9.00 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 0.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The business has a fifty day moving average of $16.75 and a 200-day moving average of $14.69.

TIM (NYSE:TIMB) last announced its earnings results on Monday, May 5th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. TIM had a return on equity of 11.91% and a net margin of 12.24%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $6.38 billion. On average, equities research analysts predict that TIM will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The firm also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.1086 per share. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM’s dividend payout ratio is currently 68.00%.

Institutional Investors Weigh In On TIM

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC raised its position in shares of TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after purchasing an additional 2,211 shares during the period. GAMMA Investing LLC raised its position in TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock valued at $47,000 after buying an additional 1,647 shares during the last quarter. Brooklyn Investment Group acquired a new stake in TIM in the 1st quarter valued at approximately $50,000. Farther Finance Advisors LLC raised its position in TIM by 30,036.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company’s stock valued at $53,000 after buying an additional 3,304 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in TIM in the 4th quarter valued at approximately $54,000.

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.