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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been given a consensus recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $25.2333.

Several analysts have commented on the stock. Wall Street Zen lowered shares of TIM from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 25th. Zacks Research downgraded shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. Bradesco Corretora cut shares of TIM to a “neutral” rating in a report on Tuesday, April 28th. Finally, New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th.

Insider Buying and Selling at TIM

In other news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $4.32, for a total transaction of $151,200.00. Following the completion of the transaction, the chief financial officer owned 83,259 shares in the company, valued at approximately $359,678.88. This represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Auana Mattar Lima sold 8,200 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $4.42, for a total value of $36,244.00. Following the transaction, the insider owned 36,686 shares of the company’s stock, valued at $162,152.12. The trade was a 18.27% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On TIM

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its stake in TIM by 1.3% in the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after buying an additional 789 shares in the last quarter. Amundi purchased a new stake in shares of TIM during the first quarter worth $87,000. Goldman Sachs Group Inc. boosted its holdings in shares of 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 acquiring an additional 47,130 shares during the period. Creative Planning boosted its holdings in shares of TIM by 9.2% in the second quarter. Creative Planning now owns 21,511 shares of the company’s stock worth $433,000 after acquiring an additional 1,814 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of TIM by 117.7% in the second quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock worth $201,000 after acquiring an additional 5,417 shares during the period.

TIM Trading Up 1.1%

NYSE TIMB opened at $21.29 on Tuesday. The stock has a market capitalization of $10.31 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 1.10 and a beta of 0.38. TIM has a one year low of $17.65 and a one year high of $28.22. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.89. The business’s fifty day moving average is $21.85 and its 200-day moving average is $23.84.

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

TIM Announces Dividend

The company also recently announced a special dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th will be given a $0.1618 dividend. The ex-dividend date of this dividend is Monday, June 29th. TIM’s dividend payout ratio (DPR) is currently 68.90%.

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