TIM S.A. Sponsored ADR (NYSE:TIMB) Given Average Rating of “Hold” by Analysts

TIM S.A. Sponsored ADR (NYSE:TIMB) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $23.6667.

A number of analysts have commented on the company. Barclays boosted their price objective on TIM from $23.50 to $26.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Bank of America assumed coverage on TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 target price on the stock. Jefferies Financial Group downgraded TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th. Finally, Citigroup cut TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st.

TIM Stock Up 0.7%

Shares of NYSE TIMB opened at $25.65 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86. The company has a 50-day moving average price of $24.48 and a 200-day moving average price of $22.70. The stock has a market capitalization of $12.42 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.65 and a beta of 0.45. TIM has a 1 year low of $14.18 and a 1 year high of $27.74.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, February 10th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.38). TIM had a return on equity of 17.84% and a net margin of 16.28%.The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.30 billion. On average, equities research analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. DGS Capital Management LLC boosted its holdings in TIM by 5.2% during the fourth quarter. DGS Capital Management LLC now owns 40,166 shares of the company’s stock worth $781,000 after purchasing an additional 1,999 shares during the last quarter. Invesco Ltd. purchased a new stake in TIM in the 4th quarter valued at about $1,253,000. Vident Advisory LLC lifted its position in shares of TIM by 3.4% during the 4th quarter. Vident Advisory LLC now owns 65,622 shares of the company’s stock worth $1,276,000 after buying an additional 2,143 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of TIM by 5.2% during the 4th quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock worth $283,000 after buying an additional 714 shares in the last quarter. Finally, XTX Topco Ltd boosted its stake in shares of TIM by 4.5% in the 4th quarter. XTX Topco Ltd now owns 31,607 shares of the company’s stock worth $615,000 after buying an additional 1,366 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