TIM S.A. Sponsored ADR (NYSE:TIMB) Stock Rated “Hold” by Sell-Side Brokerages

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $24.82.

Several brokerages recently issued reports on TIMB. Weiss Ratings cut shares of TIM from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 14th. Santander upgraded TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. Morgan Stanley restated a “market perform” rating and set a $22.00 target price on shares of TIM in a report on Thursday, August 20th. Barclays dropped their price target on TIM from $28.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Wall Street Zen cut TIM from a “buy” rating to a “hold” rating in a report on Saturday, August 29th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. boosted its holdings in TIM by 19.0% in the 1st quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock valued at $12,993,000 after purchasing an additional 78,379 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in TIM by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 422,641 shares of the company’s stock valued at $8,220,000 after acquiring an additional 9,846 shares during the last quarter. Bank of America Corp DE grew its position in TIM by 199.8% in the first quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock worth $6,658,000 after acquiring an additional 167,504 shares during the period. Hsbc Holdings PLC grew its position in TIM by 55.5% in the first quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock worth $3,578,000 after acquiring an additional 48,232 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in TIM by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 94,380 shares of the company’s stock worth $2,500,000 after acquiring an additional 2,437 shares during the last quarter.

TIM Trading Down 1.8%

Shares of TIMB stock opened at $18.68 on Friday. 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. The stock’s fifty day moving average is $18.33 and its two-hundred day moving average is $21.59. The firm has a market capitalization of $8.94 billion, a P/E ratio of 11.06, a PEG ratio of 1.27 and a beta of 0.33.

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

TIM Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, January 29th. Shareholders of record on Monday, September 28th will be paid a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio (DPR) is 62.13%.

TIM Company Profile

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and government customers. Its offerings include voice and messaging, mobile data, broadband internet, digital services and related connectivity solutions.

The company operates a nationwide telecommunications network in Brazil and serves customers through retail stores, digital channels and business-focused sales operations. TIM also provides enterprise services such as connectivity, information technology and communications solutions, including products related to the Internet of Things, cloud computing and managed networks.

TIM SA traces its roots to the launch of TIM Brasil in the late 1990s and is part of the Telecom Italia Group.