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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have received a consensus rating of “Hold” from the twelve ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $25.90.

A number of analysts recently commented on the company. Wall Street Zen lowered TIM from a “strong-buy” rating to a “buy” rating in a report on Monday, May 25th. Scotiabank lifted their price target on TIM from $27.00 to $28.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 27th. Barclays lifted their price target on TIM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Bradesco Corretora lowered TIM to a “neutral” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings lowered TIM from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th.

TIM Stock Performance

Shares of TIM stock opened at $21.99 on Monday. The business’s fifty day simple moving average is $25.01 and its 200 day simple moving average is $23.84. The firm has a market capitalization of $10.65 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.14 and a beta of 0.37. TIM has a 12 month low of $16.82 and a 12 month high of $28.22. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. As a group, analysts anticipate that TIM will post 1.8 EPS for the current year.

TIM Announces Dividend

The company also recently declared a special dividend, which was paid on Thursday, May 7th. Stockholders of record on Monday, March 30th were paid a dividend of $0.1552 per share. The ex-dividend date was Monday, March 30th. TIM’s dividend payout ratio is presently 61.59%.

Insider Buying and Selling at TIM

In other TIM news, insider Auana Mattar Lima sold 8,200 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $4.42, for a total transaction of $36,244.00. Following the sale, the insider directly owned 36,686 shares of the company’s stock, valued at $162,152.12. This represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Investors Weigh In On TIM

Several institutional investors have recently added to or reduced their stakes in TIMB. Royal Bank of Canada lifted its holdings in TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after purchasing an additional 789 shares during the last quarter. Amundi purchased a new stake in TIM during the first quarter valued at about $87,000. Goldman Sachs Group Inc. lifted its holdings in TIM by 4.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after purchasing an additional 47,130 shares during the last quarter. Creative Planning lifted its holdings in TIM by 9.2% during the second quarter. Creative Planning now owns 21,511 shares of the company’s stock valued at $433,000 after purchasing an additional 1,814 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in TIM by 117.7% during the second quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock valued at $201,000 after purchasing an additional 5,417 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