TIM S.A. Sponsored ADR (NYSE:TIMB) Receives $21.50 Average PT from Analysts

TIM S.A. Sponsored ADR (NYSE:TIMB) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.50.

TIMB has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of TIM in a report on Tuesday, October 14th. Scotiabank raised their target price on shares of TIM from $19.10 to $23.60 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Zacks Research upgraded shares of TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Wall Street Zen upgraded shares of TIM from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TIM from $22.00 to $24.50 and gave the stock an “overweight” rating in a research note on Friday, August 8th.

TIM Trading Up 1.3%

Shares of TIMB opened at $22.68 on Friday. TIM has a twelve month low of $11.32 and a twelve month high of $22.90. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $10.98 billion, a P/E ratio of 17.58, a PEG ratio of 0.85 and a beta of 0.65. The firm’s 50-day moving average is $21.37 and its two-hundred day moving average is $19.17.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. TIM had a return on equity of 13.99% and a net margin of 13.91%.The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $6.62 billion. On average, research analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.1888 per share. The ex-dividend date of this dividend is Friday, October 3rd. TIM’s dividend payout ratio (DPR) is presently 72.09%.

Institutional Trading of TIM

A number of large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its stake in TIM by 7.8% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,658 shares of the company’s stock valued at $174,000 after purchasing an additional 623 shares during the last quarter. Kathmere Capital Management LLC raised its position in shares of TIM by 4.4% in the third quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company’s stock valued at $329,000 after buying an additional 627 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of TIM by 19.3% during the second quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company’s stock valued at $80,000 after buying an additional 641 shares during the period. Royal Bank of Canada boosted its position in TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after acquiring an additional 789 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in TIM by 29.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company’s stock worth $67,000 after acquiring an additional 969 shares during the period.

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.