TIM (NYSE:TIMB) Receives Hold (C) Rating from Weiss Ratings

Weiss Ratings reiterated their hold (c) rating on shares of TIM (NYSE:TIMB) in a research report released on Tuesday,Weiss Ratings reports.

A number of other research analysts have also weighed in on TIMB. Barclays raised their price objective on TIM from $20.00 to $21.00 and gave the company an “equal weight” rating in a research report on Monday, October 6th. Citigroup initiated coverage on TIM in a research note on Wednesday, September 10th. They set a “buy” rating on the stock. JPMorgan Chase & Co. increased their target price on TIM from $22.00 to $24.50 and gave the company an “overweight” rating in a research note on Friday, August 8th. Scotiabank increased their target price on TIM from $19.10 to $23.60 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. Finally, Wall Street Zen upgraded TIM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $21.50.

TIM Stock Down 0.5%

TIMB stock opened at $20.68 on Tuesday. TIM has a twelve month low of $11.32 and a twelve month high of $22.47. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. The firm has a market cap of $10.01 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.65. The business has a 50 day moving average of $21.13 and a 200 day moving average of $18.80.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. TIM had a return on equity of 13.99% and a net margin of 13.91%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $6.62 billion. On average, research analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, January 28th. Stockholders of record on Friday, October 3rd will be paid a $0.1888 dividend. The ex-dividend date is Friday, October 3rd. TIM’s dividend payout ratio (DPR) is 72.09%.

Hedge Funds Weigh In On TIM

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after buying an additional 1,345 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of TIM by 303.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock worth $42,000 after buying an additional 1,552 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of TIM in the 2nd quarter worth $42,000. GAMMA Investing LLC boosted its stake in shares of TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock worth $47,000 after buying an additional 1,647 shares during the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of TIM in the 1st quarter worth $50,000.

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.