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

TIM S.A. Sponsored ADR (NYSE:TIMB) has been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $25.2333.

A number of equities research analysts have weighed in on the company. Zacks Research lowered TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Santander upgraded TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. Bradesco Corretora downgraded shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. Barclays dropped their price target on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Finally, The Goldman Sachs Group initiated coverage on shares of TIM in a report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price target on the stock.

TIM Price Performance

TIMB opened at $22.22 on Tuesday. TIM has a 52-week low of $17.65 and a 52-week high of $28.22. The company has a 50 day moving average of $21.93 and a two-hundred day moving average of $23.81. The company has a market cap of $10.76 billion, a P/E ratio of 13.55, a P/E/G ratio of 1.15 and a beta of 0.38. 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 posted its earnings results 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). The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. On average, analysts expect that TIM will post 1.8 earnings per share for the current year.

TIM Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th will be issued 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%.

Insider Activity

In other TIM news, insider Auana Mattar Lima sold 8,200 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the sale, the insider directly owned 36,686 shares in the company, valued at approximately $162,152.12. The trade was a 18.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief financial officer owned 83,259 shares in the company, valued at $359,678.88. The trade was a 29.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure.

Hedge Funds Weigh In On TIM

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in TIM by 4.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock valued at $35,951,000 after buying an additional 82,700 shares during the period. Goldman Sachs Group Inc. grew its stake in TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after acquiring an additional 47,130 shares in the last quarter. State Street Corp grew its stake in TIM by 5.3% during the 4th quarter. State Street Corp now owns 657,839 shares of the company’s stock valued at $13,464,000 after acquiring an additional 33,364 shares in the last quarter. UBS Group AG increased its holdings in shares of TIM by 12.4% in 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, Assetmark Inc. increased its holdings in shares of TIM by 19.0% in the 1st quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock valued at $12,993,000 after purchasing an additional 78,379 shares during the period.

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