TIM S.A. Sponsored ADR (NYSE:TIMB) Receives Average Recommendation of “Hold” from Brokerages

TIM S.A. Sponsored ADR (NYSE:TIMB) has been given an average recommendation of “Hold” by the twelve research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $25.38.

Several research firms have weighed in on TIMB. Barclays decreased their price target on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Wall Street Zen lowered TIM from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings raised TIM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Zacks Research downgraded TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Santander raised TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd.

Insider Activity at TIM

In other TIM news, insider Auana Mattar Lima sold 8,200 shares of TIM stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. The trade was a 29.60% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On TIM

A number of hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of TIM by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock valued at $35,951,000 after purchasing an additional 82,700 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in TIM by 4.7% during the first 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 in the last quarter. State Street Corp lifted its position in TIM by 5.3% during the fourth 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 lifted its position in TIM by 12.4% during the fourth quarter. UBS Group AG now owns 537,416 shares of the company’s stock valued at $10,453,000 after purchasing an additional 59,136 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of 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 buying an additional 78,379 shares in the last quarter.

TIM Stock Up 0.3%

Shares of TIM stock opened at $17.36 on Friday. The company has a 50-day simple moving average of $20.80 and a two-hundred day simple moving average of $23.56. The stock has a market capitalization of $8.41 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.40. TIM has a 52-week low of $17.14 and a 52-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 EPS for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%.The business had revenue of $1.35 billion during the quarter. On average, analysts anticipate that TIM will post 1.83 EPS for the current fiscal year.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were given a $0.1618 dividend. The ex-dividend date was Monday, June 29th. TIM’s payout ratio is presently 61.54%.

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