TIM S.A. Sponsored ADR (NYSE:TIMB) Given Average Recommendation of “Hold” by Analysts

TIM S.A. Sponsored ADR (NYSE:TIMB) has received an average recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $23.25.

A number of brokerages have weighed in on TIMB. Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a research note on Monday, December 29th. HSBC raised shares of TIM from a “hold” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $27.00 in a research report on Wednesday, November 5th. Scotiabank reissued a “sector perform” rating and issued a $23.60 target price on shares of TIM in a report on Wednesday, November 5th. Barclays raised their price objective on shares of TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research report on Friday, November 7th. Finally, Jefferies Financial Group cut shares of TIM from a “buy” rating to a “hold” rating in a research note on Wednesday, November 19th.

TIM Price Performance

TIMB opened at $26.18 on Friday. The company’s 50-day simple moving average is $22.44 and its two-hundred day simple moving average is $22.01. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89. The stock has a market capitalization of $12.67 billion, a P/E ratio of 16.36, a P/E/G ratio of 0.67 and a beta of 0.47. TIM has a 52-week low of $13.65 and a 52-week high of $27.74.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.84%. As a group, 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 was paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th were given a $0.6784 dividend. The ex-dividend date was Monday, December 29th. TIM’s payout ratio is presently 88.13%.

Institutional Trading of TIM

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its stake in TIM by 5,590.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after purchasing an additional 1,174 shares during the period. Wells Fargo & Company MN boosted its position in shares of TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after acquiring an additional 494 shares during the last quarter. TD Private Client Wealth LLC bought a new position in shares of TIM during the third quarter worth $28,000. Kestra Advisory Services LLC purchased a new position in TIM during the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC increased its holdings in TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock valued at $41,000 after acquiring an additional 1,345 shares during the last quarter.

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