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

TIM S.A. Sponsored ADR (NYSE:TIMB) has received an average rating of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $23.25.

Several research analysts have commented on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th. HSBC upgraded TIM from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $27.00 in a research report on Wednesday, November 5th. Bank of America initiated coverage on TIM in a research report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 target price on the stock. Scotiabank reiterated a “sector perform” rating and set a $23.60 price target on shares of TIM in a research report on Wednesday, November 5th. Finally, Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st.

TIM Price Performance

Shares of NYSE TIMB opened at $23.36 on Tuesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.94. The firm has a market capitalization of $11.31 billion, a PE ratio of 16.00, a P/E/G ratio of 0.72 and a beta of 0.50. TIM has a 1-year low of $12.91 and a 1-year high of $23.88. The business’s fifty day moving average price is $21.45 and its two-hundred day moving average price is $21.17.

TIM (NYSE:TIMB) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. TIM had a net margin of 15.35% and a return on equity of 15.72%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, research analysts expect that TIM will post 1.34 EPS for the current year.

TIM Dividend Announcement

The business also recently announced a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were paid a dividend of $0.6784 per share. The ex-dividend date of this dividend was Monday, December 29th. TIM’s dividend payout ratio (DPR) is presently 96.58%.

Institutional Trading of TIM

A number of institutional investors have recently made changes to their positions in TIMB. Robeco Institutional Asset Management B.V. boosted its holdings in shares of TIM by 10.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock valued at $70,029,000 after acquiring an additional 339,384 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after purchasing an additional 47,130 shares during the period. Schroder Investment Management Group lifted its position in TIM by 2.2% in the third quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock worth $9,860,000 after purchasing an additional 9,879 shares during the period. JPMorgan Chase & Co. boosted its stake in TIM by 9.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock valued at $10,015,000 after purchasing an additional 38,649 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of TIM by 26.4% during the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock valued at $8,961,000 after purchasing an additional 93,179 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA