Jefferies Financial Group Reiterates Hold Rating for TIM (NYSE:TIMB)

TIM (NYSE:TIMB)‘s stock had its “hold” rating reaffirmed by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Wednesday,Benzinga reports.

A number of other research analysts have also issued reports on TIMB. Scotiabank reiterated a “sector perform” rating and issued a $23.60 price objective on shares of TIM in a report on Wednesday, November 5th. Zacks Research raised shares of TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Hsbc Global Res raised TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a report on Monday. Finally, Barclays increased their price target on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, TIM currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.10.

TIM Trading Up 1.3%

TIMB opened at $23.43 on Wednesday. The company has a market cap of $11.34 billion, a P/E ratio of 18.16, a PEG ratio of 0.88 and a beta of 0.62. The company has a current ratio of 0.91, a quick ratio of 0.88 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $22.12 and its 200-day moving average is $20.11. TIM has a 1-year low of $11.32 and a 1-year high of $23.88.

TIM (NYSE:TIMB) last posted its earnings results on Monday, November 3rd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.21 billion. TIM had a net margin of 13.91% and a return on equity of 13.99%. Equities research analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

Institutional Trading of TIM

Several hedge funds have recently modified their holdings of the stock. Cerity Partners LLC raised its holdings in shares of TIM by 73.1% during the first quarter. Cerity Partners LLC now owns 47,871 shares of the company’s stock valued at $749,000 after purchasing an additional 20,222 shares during the period. Advisors Preferred LLC bought a new stake in TIM in the 1st quarter valued at about $89,000. Assetmark Inc. raised its stake in TIM by 18.0% during the 1st quarter. Assetmark Inc. now owns 329,779 shares of the company’s stock worth $5,161,000 after buying an additional 50,370 shares during the period. Inspire Advisors LLC bought a new position in TIM in the first quarter worth approximately $167,000. Finally, PNC Financial Services Group Inc. grew its stake in TIM by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company’s stock valued at $67,000 after acquiring an additional 969 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.