TIM S.A. Sponsored ADR (NYSE:TIMB) Given Consensus Rating of “Moderate Buy” by Analysts

TIM S.A. Sponsored ADR (NYSE:TIMB) has been given a consensus rating of “Moderate Buy” by the eleven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.25.

Several brokerages recently weighed in on TIMB. Scotiabank restated a “sector perform” rating and set a $23.60 target price on shares of TIM in a report on Wednesday, November 5th. Barclays boosted their price objective on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Citigroup began coverage on shares of TIM in a report on Wednesday, September 10th. They issued a “buy” rating on the stock. HSBC raised shares of TIM from a “hold” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $27.00 in a research note on Wednesday, November 5th. Finally, Bank of America initiated coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 price target for the company.

Institutional Investors Weigh In On TIM

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its stake in TIM by 9.4% during the third quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock worth $10,015,000 after acquiring an additional 38,649 shares in the last quarter. XTX Topco Ltd bought a new position in shares of TIM during the third quarter valued at approximately $675,000. Public Employees Retirement System of Ohio lifted its holdings in shares of TIM by 18.0% during the third quarter. Public Employees Retirement System of Ohio now owns 107,262 shares of the company’s stock valued at $2,394,000 after purchasing an additional 16,328 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of TIM by 150.5% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 27,087 shares of the company’s stock worth $605,000 after purchasing an additional 16,274 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC boosted its position in shares of TIM by 6.2% in the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 21,917 shares of the company’s stock worth $489,000 after purchasing an additional 1,280 shares in the last quarter.

TIM Trading Down 0.2%

Shares of TIMB stock opened at $19.47 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The firm has a market cap of $9.43 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 0.67 and a beta of 0.50. The business has a 50-day moving average price of $22.04 and a two-hundred day moving average price of $20.95. TIM has a 12-month low of $11.32 and a 12-month high of $23.88.

TIM (NYSE:TIMB) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. TIM had a net margin of 15.35% and a return on equity of 15.72%. Equities analysts anticipate that TIM will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be given a dividend of $0.6784 per share. The ex-dividend date of this dividend is Monday, December 29th. TIM’s dividend payout ratio is presently 96.58%.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA