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

TIM S.A. Sponsored ADR (NYSE:TIMB) has been assigned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $25.90.

TIMB has been the subject of several analyst reports. Scotiabank raised their price target on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Zacks Research downgraded shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. The Goldman Sachs Group initiated coverage on shares of TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 price target for the company. Finally, Weiss Ratings downgraded shares of TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th.

TIM Price Performance

Shares of NYSE TIMB opened at $21.89 on Friday. TIM has a fifty-two week low of $17.65 and a fifty-two week high of $28.22. The company has a 50 day simple moving average of $23.22 and a two-hundred day simple moving average of $23.67. The company has a market capitalization of $10.60 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 1.11 and a beta of 0.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92.

TIM (NYSE:TIMB) last announced its 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). TIM had a net margin of 16.00% and a return on equity of 17.77%. The business had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. Analysts expect that TIM will post 1.8 EPS for the current fiscal year.

TIM Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, July 29th. Investors of record on Monday, June 29th will be given a dividend of $0.1618 per share. The ex-dividend date of this dividend is Monday, June 29th. TIM’s dividend payout ratio (DPR) is 61.59%.

Insider Activity

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

Institutional Investors Weigh In On TIM

Large investors have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in TIM in the 4th quarter worth approximately $836,000. Archford Capital Strategies LLC bought a new stake in TIM in the 4th quarter worth approximately $676,000. Mirae Asset Global Investments Co. Ltd. grew its position in TIM by 102.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock worth $753,000 after purchasing an additional 19,552 shares during the period. UBS Group AG grew its stake in shares of TIM by 12.4% during the 4th quarter. UBS Group AG now owns 537,416 shares of the company’s stock valued at $10,453,000 after purchasing an additional 59,136 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 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