TIM (NYSE:TIMB) Research Coverage Started at Bank of America

Bank of America started coverage on shares of TIM (NYSE:TIMB) in a research note issued to investors on Thursday morning. The firm issued an underperform rating and a $24.00 target price on the stock.

A number of other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a research note on Monday, December 8th. Wall Street Zen raised shares of TIM from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. HSBC raised shares of TIM from a “hold” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $27.00 in a research note on Wednesday, November 5th. Hsbc Global Res upgraded TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Finally, Zacks Research upgraded TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.25.

TIM Trading Up 0.3%

Shares of TIMB stock opened at $21.56 on Thursday. The stock has a market cap of $10.44 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. TIM has a 1 year low of $11.32 and a 1 year high of $23.88. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $22.39 and a 200 day simple moving average of $20.74.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Monday, November 3rd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. TIM had a return on equity of 15.72% and a net margin of 15.35%. 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 disclosed a special dividend, which will be paid on Wednesday, January 28th. Investors of record on Friday, October 3rd will be paid a $0.1888 dividend. The ex-dividend date of this dividend is Friday, October 3rd. TIM’s dividend payout ratio is presently 65.07%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TIMB. XTX Topco Ltd acquired a new stake in shares of TIM during the 3rd quarter valued at $675,000. Public Employees Retirement System of Ohio raised its position in TIM by 18.0% in the third quarter. Public Employees Retirement System of Ohio now owns 107,262 shares of the company’s stock valued at $2,394,000 after purchasing an additional 16,328 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of TIM by 150.5% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 27,087 shares of the company’s stock valued at $605,000 after purchasing an additional 16,274 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC boosted its stake in shares of TIM by 6.2% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 21,917 shares of the company’s stock valued at $489,000 after purchasing an additional 1,280 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in shares of TIM by 878.4% during the third quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock worth $8,280,000 after purchasing an additional 333,066 shares during the last quarter.

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.