TIM S.A. Sponsored ADR (NYSE:TIMB) Receives $25.23 Average PT from Brokerages

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $25.2333.

TIMB has been the subject of a number of research reports. Santander upgraded TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd. Wall Street Zen downgraded shares of TIM from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 25th. Barclays reduced their target price on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. The Goldman Sachs Group started coverage on shares of TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 price target for the company. Finally, Scotiabank boosted their price target on shares of TIM from $27.00 to $28.50 and gave the stock a “sector perform” rating in a research note on Wednesday, May 27th.

TIM Stock Down 4.5%

Shares of TIMB opened at $21.02 on Tuesday. The business’s fifty day moving average price is $21.87 and its two-hundred day moving average price is $23.86. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 1.14 and a beta of 0.38. TIM has a 52 week low of $17.65 and a 52 week high of $28.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a return on equity of 17.77% and a net margin of 16.00%.The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. On average, analysts predict that TIM will post 1.8 earnings per share for the current year.

TIM Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th will be issued a dividend of $0.1618 per share. The ex-dividend date of this dividend is Monday, June 29th. TIM’s payout ratio is currently 68.90%.

Insider Buying and Selling at TIM

In other TIM news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the completion of the sale, the chief financial officer owned 83,259 shares in the company, valued at approximately $359,678.88. The trade was a 29.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Auana Mattar Lima sold 8,200 shares of the stock in a transaction on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the completion of the transaction, the insider directly owned 36,686 shares in the company, valued at approximately $162,152.12. This trade represents a 18.27% decrease in their position. The SEC filing for this sale provides additional information.

Hedge Funds Weigh In On TIM

Several hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted its position in shares of TIM by 878.4% during the third quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock worth $8,280,000 after purchasing an additional 333,066 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of TIM by 199.8% in the 1st quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock valued at $6,658,000 after buying an additional 167,504 shares during the period. Millennium Management LLC increased its position in shares of TIM by 460.6% in the 4th quarter. Millennium Management LLC now owns 105,334 shares of the company’s stock valued at $2,049,000 after buying an additional 86,545 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of TIM by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock valued at $35,951,000 after buying an additional 82,700 shares in the last quarter. Finally, Assetmark Inc. raised its stake in TIM by 19.0% during the 1st quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock worth $12,993,000 after buying an additional 78,379 shares during the period.

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