TIM S.A. Sponsored ADR (NYSE:TIMB) Receives $17.33 Consensus Target Price from Analysts

TIM S.A. Sponsored ADR (NYSE:TIMB) has received an average rating of “Hold” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.33.

Several research analysts have recently commented on the company. Hsbc Global Res lowered TIM from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 12th. Barclays set a $17.50 price objective on TIM in a report on Wednesday, May 7th. HSBC downgraded TIM to a “hold” rating in a research report on Friday, June 13th. The Goldman Sachs Group boosted their target price on TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a research report on Wednesday, April 30th. Finally, Wall Street Zen downgraded TIM from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 15th.

TIM Stock Up 0.7%

Shares of NYSE TIMB opened at $19.38 on Monday. TIM has a 12 month low of $11.32 and a 12 month high of $19.53. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.87 and a beta of 0.60. The business has a 50-day moving average of $17.18 and a 200-day moving average of $14.88.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. TIM had a return on equity of 13.17% and a net margin of 13.30%. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $6.38 billion. Sell-side analysts expect that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The company also recently announced an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be given a $0.1086 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.6%. TIM’s payout ratio is 68.80%.

Institutional Trading of TIM

Institutional investors have recently made changes to their positions in the stock. Cerity Partners LLC bought a new position in shares of TIM during the fourth quarter valued at approximately $330,000. GAMMA Investing LLC grew its stake in shares of TIM by 3,331.4% in the first quarter. GAMMA Investing LLC now owns 47,388 shares of the company’s stock worth $742,000 after acquiring an additional 46,007 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of TIM during the fourth quarter valued at $338,000. Millennium Management LLC lifted its holdings in shares of TIM by 68.8% during the fourth quarter. Millennium Management LLC now owns 34,106 shares of the company’s stock valued at $401,000 after purchasing an additional 13,905 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of TIM by 37.0% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 106,903 shares of the company’s stock valued at $1,257,000 after purchasing an additional 28,881 shares in 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.