TIM S.A. Sponsored ADR (NYSE:TIMB) Receives $25.90 Consensus Price Target from Analysts

TIM S.A. Sponsored ADR (NYSE:TIMB) has been given an average recommendation of “Hold” by the twelve brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $25.90.

TIMB has been the subject of a number of analyst reports. Barclays boosted their price objective on shares of TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Bradesco Corretora lowered shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research lowered shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings lowered shares of TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Scotiabank boosted their price objective on shares of TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th.

Insider Transactions at TIM

In related news, insider Auana Mattar Lima sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the completion of the sale, the insider directly owned 36,686 shares in the company, valued at approximately $162,152.12. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Investors Weigh In On TIM

Institutional investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH purchased a new stake in TIM in the third quarter valued at approximately $2,393,000. Sanctuary Advisors LLC purchased a new stake in TIM in the fourth quarter valued at approximately $836,000. Archford Capital Strategies LLC purchased a new stake in TIM in the fourth quarter valued at approximately $676,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in TIM by 102.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock valued at $753,000 after purchasing an additional 19,552 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in TIM by 9.4% in the third quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock valued at $10,015,000 after purchasing an additional 38,649 shares during the period.

TIM Price Performance

TIM stock opened at $21.53 on Monday. The firm’s 50-day moving average is $24.64 and its two-hundred day moving average is $23.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.89. The stock has a market capitalization of $10.42 billion, a P/E ratio of 13.13, a P/E/G ratio of 1.14 and a beta of 0.37. TIM has a 12-month low of $17.63 and a 12-month high of $28.22.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. Equities analysts predict that TIM will post 1.8 earnings per share for the current year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Thursday, May 7th. Stockholders of record on Monday, March 30th were given a $0.1552 dividend. The ex-dividend date of this dividend was Monday, March 30th. TIM’s payout ratio is currently 61.59%.

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