TIM S.A. Sponsored ADR (TIMB) – What Are Analysts Saying About This Stock?

TIM S.A. Sponsored ADR (NYSE:TIMB) has received an average recommendation of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $24.82.

TIMB has been the topic of a number of analyst reports. Barclays lowered their price objective on TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Weiss Ratings raised shares of TIM from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday. Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. Morgan Stanley reaffirmed a “market perform” rating and set a $22.00 price target on shares of TIM in a report on Thursday, August 20th. Finally, Wall Street Zen cut shares of TIM from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th.

Institutional Investors Weigh In On TIM

A number of institutional investors have recently bought and sold shares of TIMB. Bank of America Corp DE lifted its position in shares of TIM by 199.8% in the first quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock valued at $6,658,000 after acquiring an additional 167,504 shares in the last quarter. Assetmark Inc. grew its position 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 purchasing an additional 78,379 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of TIM by 55.5% during the first 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of TIM by 129.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 62,279 shares of the company’s stock worth $1,211,000 after purchasing an additional 35,192 shares in the last quarter. Finally, RFG Advisory LLC bought a new stake in TIM during the 1st quarter valued at approximately $577,000.

TIM Price Performance

Shares of TIMB opened at $17.96 on Friday. TIM has a twelve month low of $17.14 and a twelve month high of $28.22. The company has a market capitalization of $8.59 billion, a P/E ratio of 10.63, a price-to-earnings-growth ratio of 1.20 and a beta of 0.33. The firm has a 50 day moving average of $18.31 and a 200 day moving average of $21.56. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share for the quarter. The company had revenue of $1.35 billion for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. As a group, equities research analysts anticipate that TIM will post 1.82 earnings per share for the current fiscal year.

TIM Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 29th. Investors of record on Monday, September 28th will be issued a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio is currently 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.