Analysts Set TIM S.A. Sponsored ADR (NYSE:TIMB) Target Price at $23.67

TIM S.A. Sponsored ADR (NYSE:TIMB) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.6667.

A number of research firms have recently weighed in on TIMB. Weiss Ratings raised TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Barclays increased their price target on TIM from $23.50 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Bank of America initiated coverage on TIM in a report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price target for the company. Finally, Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st.

TIM Trading Down 3.4%

NYSE TIMB opened at $24.62 on Wednesday. TIM has a 52 week low of $14.18 and a 52 week high of $27.74. The company has a 50 day moving average price of $24.76 and a 200 day moving average price of $22.76. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.58. The firm has a market cap of $11.92 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.65 and a beta of 0.46.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, February 10th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.84%. As a group, sell-side analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be paid a $0.1552 dividend. The ex-dividend date is Monday, March 30th. TIM’s dividend payout ratio (DPR) is 84.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC raised its holdings 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 worth $27,000 after buying an additional 1,174 shares during the last quarter. Wells Fargo & Company MN grew its holdings 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 valued at $27,000 after buying an additional 494 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in shares of TIM in the 3rd quarter valued at $28,000. Kestra Advisory Services LLC purchased a new position in TIM in the 4th quarter worth $39,000. Finally, EverSource Wealth Advisors LLC raised its stake in TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $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