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

TIM S.A. Sponsored ADR (NYSE:TIMB) has earned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $23.25.

Several brokerages recently weighed in on TIMB. Zacks Research upgraded TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Barclays boosted their target price on shares of TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Hsbc Global Res raised shares of TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Bank of America began coverage on shares of TIM in a report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of TIM in a research note on Monday, December 29th.

Institutional Trading of TIM

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. grew its stake in 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 valued at $70,029,000 after acquiring an additional 339,384 shares during the period. Citadel Advisors LLC grew its position in shares of TIM by 878.4% in the third quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock valued at $8,280,000 after purchasing an additional 333,066 shares during the period. Allianz Asset Management GmbH purchased a new stake in shares of TIM during the third quarter worth about $2,393,000. American Century Companies Inc. raised its position in shares of TIM by 26.4% during the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after purchasing an additional 93,179 shares during the last quarter. Finally, UBS Group AG lifted its stake in TIM by 12.4% in the 4th quarter. UBS Group AG now owns 537,416 shares of the company’s stock valued at $10,453,000 after buying an additional 59,136 shares in the last quarter.

TIM Trading Up 0.7%

Shares of TIM stock opened at $23.46 on Tuesday. The stock has a market cap of $11.36 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 0.72 and a beta of 0.50. The firm has a fifty day moving average price of $21.54 and a 200 day moving average price of $21.35. TIM has a 1 year low of $13.10 and a 1 year high of $24.40. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.94.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. TIM had a net margin of 15.35% and a return on equity of 15.72%. Equities research analysts predict that TIM will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were given a dividend of $0.6784 per share. The ex-dividend date was Monday, December 29th. TIM’s dividend payout ratio is currently 95.89%.

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