TIM S.A. Sponsored ADR (NYSE:TIMB) Receives $23.10 Average Target Price from Brokerages

TIM S.A. Sponsored ADR (NYSE:TIMB) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $23.10.

A number of equities analysts have commented on the stock. Citigroup assumed coverage on shares of TIM in a research report on Wednesday, September 10th. They set a “buy” rating for the company. Hsbc Global Res upgraded TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. HSBC raised TIM from a “hold” rating to a “buy” rating and upped their price objective for the company from $21.00 to $27.00 in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lifted their target price on shares of TIM from $22.00 to $24.50 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a report on Tuesday.

Hedge Funds Weigh In On TIM

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in TIM in the second quarter valued at $387,000. Vanguard Personalized Indexing Management LLC lifted its position in TIM by 18.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,268 shares of the company’s stock valued at $389,000 after purchasing an additional 3,016 shares during the period. Farther Finance Advisors LLC grew its position in TIM by 19.3% during the second quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company’s stock worth $80,000 after buying an additional 641 shares during the period. Freedom Investment Management Inc. purchased a new stake in shares of TIM in the 2nd quarter worth about $680,000. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of TIM by 10.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock valued at $70,029,000 after acquiring an additional 339,384 shares during the last quarter.

TIM Stock Up 1.6%

Shares of TIMB stock opened at $23.42 on Thursday. TIM has a 12 month low of $11.32 and a 12 month high of $23.88. 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 $11.34 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 0.88 and a beta of 0.62. The stock has a 50 day moving average of $22.03 and a 200-day moving average of $19.99.

TIM (NYSE:TIMB) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.10. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. On average, equities analysts predict that TIM will post 1.34 EPS for the current year.

TIM Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Wednesday, January 28th. Investors of record on Friday, October 3rd will be paid a $0.1888 dividend. The ex-dividend date is Friday, October 3rd. TIM’s payout ratio is currently 65.07%.

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.