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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been given an average rating of “Hold” by the thirteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.90.

A number of brokerages have recently issued reports on TIMB. The Goldman Sachs Group began coverage on shares of TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 price objective for the company. Bradesco Corretora downgraded shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. Barclays boosted their price objective on shares of TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Scotiabank boosted their price objective on shares of TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th.

Insider Buying and Selling

In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the business’s stock in a transaction that occurred 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 directly owned 83,259 shares in the company, valued at approximately $359,678.88. The trade was a 29.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Auana Mattar Lima sold 8,200 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $4.42, for a total transaction of $36,244.00. Following the completion of the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TIMB. Royal Bank of Canada boosted its holdings in TIM by 1.3% in the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after buying an additional 789 shares during the period. Amundi bought a new position in TIM in the 1st quarter worth $87,000. Goldman Sachs Group Inc. boosted its holdings in TIM by 4.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after buying an additional 47,130 shares during the period. Creative Planning boosted its holdings in TIM by 9.2% in the 2nd quarter. Creative Planning now owns 21,511 shares of the company’s stock worth $433,000 after buying an additional 1,814 shares during the period. Finally, Rhumbline Advisers boosted its holdings in TIM by 117.7% in the 2nd quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock worth $201,000 after buying an additional 5,417 shares during the period.

TIM Trading Up 2.0%

TIM stock opened at $21.89 on Friday. The business 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 cap of $10.60 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.11 and a beta of 0.37. TIM has a 52-week low of $17.65 and a 52-week high of $28.22. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) 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 predict that TIM will post 1.8 EPS for the current year.

TIM Dividend Announcement

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

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