TIM S.A. Sponsored ADR (NYSE:TIMB) Receives Average Rating of “Hold” from Brokerages

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been assigned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $23.25.

A number of analysts recently issued reports on the stock. Scotiabank restated a “sector perform” rating and issued a $23.60 price target on shares of TIM in a research note on Wednesday, November 5th. Citigroup lowered shares of TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Jefferies Financial Group downgraded TIM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 19th. Barclays boosted their price objective on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, Zacks Research raised TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th.

TIM Stock Up 0.2%

Shares of NYSE TIMB opened at $23.36 on Tuesday. The firm has a market cap of $11.31 billion, a price-to-earnings ratio of 16.00, a PEG ratio of 0.72 and a beta of 0.50. TIM has a 1 year low of $12.91 and a 1 year high of $23.88. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.96. The stock’s 50-day simple moving average is $21.45 and its 200-day simple moving average is $21.17.

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

TIM Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were issued a $0.6784 dividend. The ex-dividend date of this dividend was Monday, December 29th. TIM’s payout ratio is currently 96.58%.

Institutional Trading of TIM

A number of institutional investors and hedge funds have recently modified their holdings of TIMB. Robeco Institutional Asset Management B.V. lifted its position in shares of TIM by 10.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock worth $70,029,000 after buying an additional 339,384 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after acquiring an additional 47,130 shares during the last quarter. Schroder Investment Management Group boosted its stake in TIM by 2.2% in the third quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock valued at $9,860,000 after acquiring an additional 9,879 shares during the period. JPMorgan Chase & Co. boosted its stake in TIM by 9.4% in the third quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock valued at $10,015,000 after acquiring an additional 38,649 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of TIM by 26.4% during the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock valued at $8,961,000 after purchasing an additional 93,179 shares during the last quarter.

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