TIM S.A. Sponsored ADR (NYSE:TIMB) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been given an average rating of “Moderate Buy” by the eleven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $23.25.

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of TIM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th. Scotiabank restated a “sector perform” rating and issued a $23.60 price objective on shares of TIM in a report on Wednesday, November 5th. Barclays increased their target price on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of TIM in a report on Monday. Finally, Bank of America assumed coverage on TIM in a report on Thursday, December 11th. They set an “underperform” rating and a $24.00 price target on the stock.

Institutional Trading of TIM

Large investors have recently made changes to their positions in the stock. Ritholtz Wealth Management raised its holdings in TIM by 0.3% in the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock worth $3,366,000 after purchasing an additional 441 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of TIM by 7.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,658 shares of the company’s stock worth $174,000 after buying an additional 623 shares during the period. Kathmere Capital Management LLC raised its stake in shares of TIM by 4.4% in the third quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company’s stock worth $329,000 after buying an additional 627 shares during the period. Farther Finance Advisors LLC lifted its position in shares of TIM by 19.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company’s stock valued at $80,000 after buying an additional 641 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of TIM by 1.3% during the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after acquiring an additional 789 shares during the period.

TIM Trading Down 0.2%

NYSE TIMB opened at $19.47 on Friday. TIM has a 12 month low of $11.32 and a 12 month high of $23.88. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average price is $22.04 and its 200-day moving average price is $20.95. The stock has a market cap of $9.43 billion, a P/E ratio of 13.34, a P/E/G ratio of 0.67 and a beta of 0.50.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. TIM had a net margin of 15.35% and a return on equity of 15.72%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. As a group, equities analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th will be paid a dividend of $0.6784 per share. The ex-dividend date is Monday, December 29th. TIM’s dividend payout ratio is currently 96.58%.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA