TIM (NYSE:TIMB) Lowered to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of TIM (NYSE:TIMB) from a buy rating to a hold rating in a research note released on Saturday.

A number of other equities analysts have also recently weighed in on the company. Santander raised TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. Scotiabank raised their price objective on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Weiss Ratings upgraded TIM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Morgan Stanley restated a “market perform” rating and issued a $22.00 price objective on shares of TIM in a research report on Thursday, August 20th. Finally, Barclays reduced their target price on TIM from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $24.82.

TIM Stock Down 0.7%

TIMB opened at $17.65 on Friday. The company has a fifty day moving average of $20.06 and a two-hundred day moving average of $23.14. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 1.18 and a beta of 0.40. TIM has a fifty-two week low of $17.14 and a fifty-two week high of $28.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85.

TIM (NYSE:TIMB) last posted its earnings results on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. The business had revenue of $1.35 billion for the quarter. On average, research analysts expect that TIM will post 1.82 earnings per share for the current year.

TIM Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, July 29th. Investors of record on Monday, June 29th were given a dividend of $0.1618 per share. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio is 61.54%.

Insider Buying and Selling at TIM

In related news, 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 of the company’s stock, valued at approximately $359,678.88. This trade represents a 29.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On TIM

Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in TIM in the 4th quarter valued at $836,000. Hsbc Holdings PLC boosted its stake in TIM by 55.5% during the 1st quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock worth $3,578,000 after purchasing an additional 48,232 shares during the last quarter. UBS Group AG grew its holdings in shares of TIM by 12.4% during the fourth quarter. UBS Group AG now owns 537,416 shares of the company’s stock worth $10,453,000 after buying an additional 59,136 shares in the last quarter. Assetmark Inc. grew its holdings in shares of TIM by 19.0% during the first quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock worth $12,993,000 after buying an additional 78,379 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of TIM by 129.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 62,279 shares of the company’s stock valued at $1,211,000 after buying an additional 35,192 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA