TIM S.A. Sponsored ADR (NYSE:TIMB) Receives $23.25 Consensus PT from Analysts

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

Several brokerages have recently weighed in on TIMB. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a research note on Monday, December 29th. Zacks Research raised shares of TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. HSBC raised shares of TIM from a “hold” rating to a “buy” rating and boosted their price target for the stock from $21.00 to $27.00 in a research report on Wednesday, November 5th. Jefferies Financial Group cut TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Bank of America began coverage on TIM in a research report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 target price on the stock.

TIM Stock Performance

TIMB opened at $24.09 on Tuesday. The company has a market capitalization of $11.66 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 0.75 and a beta of 0.50. The business’s 50-day moving average price is $21.52 and its two-hundred day moving average price is $21.24. 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 data on Monday, November 3rd. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. TIM had a return on equity of 15.72% and a net margin of 15.35%.The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Equities analysts expect that TIM will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The business 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 of this dividend was Monday, December 29th. TIM’s payout ratio is 96.58%.

Hedge Funds Weigh In On TIM

Several hedge funds and other institutional investors have recently made changes to their positions in TIMB. Global Retirement Partners LLC raised its position in TIM by 5,590.5% during the third quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after acquiring an additional 1,174 shares in the last quarter. TD Private Client Wealth LLC acquired a new position in shares of TIM during the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC raised 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 purchasing an additional 1,345 shares during the period. Hantz Financial Services Inc. lifted its stake in TIM by 303.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock valued at $42,000 after purchasing an additional 1,552 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in TIM during the second quarter worth about $42,000.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA