Wall Street Zen Downgrades TIM (NYSE:TIMB) to Buy

Wall Street Zen lowered shares of TIM (NYSE:TIMB) from a strong-buy rating to a buy rating in a research report sent to investors on Sunday.

Several other research analysts have also weighed in on TIMB. Barclays set a $17.50 price target on TIM in a research report on Wednesday, May 7th. The Goldman Sachs Group boosted their price target on TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.33.

TIM Stock Down 1.7%

Shares of TIM stock opened at $18.59 on Friday. The business’s 50 day simple moving average is $16.75 and its 200 day simple moving average is $14.69. TIM has a 52-week low of $11.32 and a 52-week high of $18.99. The firm has a market cap of $9.00 billion, a PE ratio of 15.75, a P/E/G ratio of 0.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

TIM (NYSE:TIMB) last announced its earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $6.38 billion. TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.1086 per share. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM’s dividend payout ratio (DPR) is 68.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in TIMB. Itau Unibanco Holding S.A. increased its position in shares of TIM by 64.9% during the 4th quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company’s stock worth $20,814,000 after purchasing an additional 696,454 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of TIM during the 4th quarter worth approximately $5,666,000. Renaissance Technologies LLC increased its holdings in shares of TIM by 19.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company’s stock worth $20,211,000 after acquiring an additional 283,002 shares during the last quarter. Banco BTG Pactual S.A. increased its holdings in shares of TIM by 1,302.9% during the 1st quarter. Banco BTG Pactual S.A. now owns 260,933 shares of the company’s stock worth $4,084,000 after acquiring an additional 242,333 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of TIM by 8.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company’s stock worth $22,732,000 after acquiring an additional 152,061 shares during the last quarter.

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.