TIM (NYSE:TIMB) Price Target Raised to $16.00

TIM (NYSE:TIMB) had its price objective raised by Barclays from $15.50 to $16.00 in a research report report published on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts have also issued reports on the stock. Scotiabank reduced their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a report on Wednesday, February 12th. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group cut their price target on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th.

TIM Stock Down 0.1 %

Shares of TIMB stock opened at $15.00 on Tuesday. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a market cap of $7.26 billion, a P/E ratio of 12.71, a P/E/G ratio of 0.67 and a beta of 0.84. TIM has a 12 month low of $11.32 and a 12 month high of $19.14. The company has a 50 day simple moving average of $12.84 and a two-hundred day simple moving average of $14.47.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, research analysts expect that TIM will post 1.34 earnings per share for the current year.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.0717 per share. This represents a $0.29 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, February 21st. TIM’s dividend payout ratio (DPR) is currently 60.17%.

Hedge Funds Weigh In On TIM

Institutional investors have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of TIM in the third quarter worth about $25,000. Global Retirement Partners LLC increased its stake in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after acquiring an additional 2,211 shares during the last quarter. R Squared Ltd purchased a new stake in shares of TIM during the 4th quarter worth approximately $53,000. Point72 Hong Kong Ltd bought a new position in shares of TIM during the 4th quarter valued at approximately $54,000. Finally, EntryPoint Capital LLC purchased a new position in shares of TIM in the fourth quarter valued at $146,000.

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.