Archford Capital Strategies LLC Purchases Shares of 34,766 TIM S.A. Sponsored ADR $TIMB

Archford Capital Strategies LLC bought a new position in TIM S.A. Sponsored ADR (NYSE:TIMB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 34,766 shares of the company’s stock, valued at approximately $676,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of TIMB. Global Retirement Partners LLC increased its position in shares of TIM by 5,590.5% in the third quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock valued at $27,000 after acquiring an additional 1,174 shares during the last quarter. TD Private Client Wealth LLC acquired a new stake in shares of TIM in the 3rd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $41,000 after buying an additional 1,345 shares during the last quarter. Raymond James Financial Inc. bought a new stake in TIM during the second quarter worth $42,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in TIM in the second quarter valued at $85,000.

Analysts Set New Price Targets

TIMB has been the subject of a number of recent analyst reports. Weiss Ratings raised TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Citigroup cut TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Scotiabank raised their price target on TIM from $23.60 to $29.50 and gave the company a “sector perform” rating in a report on Monday. Bank of America started coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 price objective for the company. Finally, Barclays increased their price objective on shares of TIM from $23.50 to $26.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TIM presently has a consensus rating of “Moderate Buy” and an average target price of $24.65.

TIM Price Performance

Shares of TIMB stock opened at $26.77 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.58. TIM S.A. Sponsored ADR has a twelve month low of $14.18 and a twelve month high of $27.74. The company has a market cap of $12.96 billion, a P/E ratio of 16.73, a P/E/G ratio of 0.68 and a beta of 0.48. The business has a fifty day simple moving average of $25.47 and a 200 day simple moving average of $23.05.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Tuesday, February 10th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. TIM had a net margin of 16.28% and a return on equity of 17.84%. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. On average, sell-side analysts forecast that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 7th. Stockholders of record on Monday, March 30th will be given a $0.1552 dividend. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio (DPR) is 91.88%.

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