Analysts Set TIM S.A. Sponsored ADR (NYSE:TIMB) Price Target at $25.90

TIM S.A. Sponsored ADR (NYSE:TIMB) has been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $25.90.

A number of equities analysts have commented on the stock. Santander raised shares of TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. Zacks Research cut shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Weiss Ratings downgraded shares of TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Barclays upped their target price on shares of TIM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Bradesco Corretora cut TIM to a “neutral” rating in a research note on Tuesday, April 28th.

TIM Stock Performance

Shares of TIMB opened at $21.70 on Friday. TIM has a 12-month low of $17.65 and a 12-month high of $28.22. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The company has a market cap of $10.51 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. The stock has a 50-day moving average price of $22.70 and a 200-day moving average price of $23.67.

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 the consensus estimate of $0.34 by ($0.02). The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. As a group, equities analysts forecast that TIM will post 1.8 earnings per share for the current fiscal year.

TIM Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th will be issued a $0.1618 dividend. The ex-dividend date is Monday, June 29th. TIM’s dividend payout ratio is presently 68.90%.

Insider Activity

In other news, insider Auana Mattar Lima sold 8,200 shares of the stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $4.42, for a total transaction of $36,244.00. Following the transaction, the insider directly owned 36,686 shares in the company, valued at approximately $162,152.12. This represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total value of $151,200.00. Following the transaction, the chief financial officer directly owned 83,259 shares in the company, valued at approximately $359,678.88. This represents a 29.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of TIM by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock worth $35,951,000 after acquiring an additional 82,700 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after purchasing an additional 47,130 shares during the last quarter. State Street Corp grew its holdings in shares of TIM by 5.3% during the 4th quarter. State Street Corp now owns 657,839 shares of the company’s stock valued at $13,464,000 after purchasing an additional 33,364 shares during the last quarter. UBS Group AG raised its position in TIM by 12.4% in the 4th quarter. UBS Group AG now owns 537,416 shares of the company’s stock worth $10,453,000 after purchasing an additional 59,136 shares during the period. Finally, Assetmark Inc. raised its position in TIM by 19.0% in the 1st quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock worth $12,993,000 after purchasing an additional 78,379 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA