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

TIM S.A. Sponsored ADR (NYSE:TIMB) has earned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $24.8167.

TIMB has been the topic of a number of recent analyst reports. Weiss Ratings raised TIM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. The Goldman Sachs Group initiated coverage on shares of TIM in a research note on Monday, May 18th. They issued a “neutral” rating and a $23.40 price target for the company. Scotiabank upped their price target on shares of TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Wall Street Zen raised shares of TIM from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Finally, Bradesco Corretora downgraded shares of TIM to a “neutral” rating in a research note on Tuesday, April 28th.

Insider Activity at TIM

In other news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the transaction, the chief financial officer owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. This trade represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Trading of TIM

Several institutional investors and hedge funds have recently bought and sold shares of TIMB. Wells Fargo & Company MN lifted its holdings in TIM by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 494 shares during the last quarter. Eastern Bank acquired a new position in shares of TIM in the 2nd quarter worth approximately $34,000. Kestra Advisory Services LLC bought a new stake in shares of TIM in the 4th quarter valued at approximately $39,000. EverSource Wealth Advisors LLC increased 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 acquiring an additional 1,345 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of TIM during the 2nd quarter valued at approximately $42,000.

TIM Trading Up 2.2%

NYSE:TIMB opened at $17.85 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85. TIM has a one year low of $17.14 and a one year high of $28.22. The business’s 50-day simple moving average is $20.38 and its 200 day simple moving average is $23.35. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.40.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%.The firm had revenue of $1.35 billion during the quarter. As a group, sell-side analysts predict that TIM will post 1.83 earnings per share for the current fiscal year.

TIM Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were paid a $0.1618 dividend. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio is 61.54%.

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