TIM (NYSE:TIMB) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of TIM (NYSE:TIMB) from a hold rating to a buy rating in a research report sent to investors on Sunday.

TIMB has been the subject of a number of other reports. Weiss Ratings upgraded TIM from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Scotiabank boosted their price target on shares of TIM from $27.00 to $28.50 and gave the stock a “sector perform” rating in a research report on Wednesday, May 27th. Zacks Research downgraded shares of TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Bradesco Corretora lowered shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. Finally, Santander raised shares of TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $25.38.

TIM Trading Up 0.1%

Shares of TIMB opened at $17.36 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.82. TIM has a 1 year low of $17.14 and a 1 year high of $28.22. The company has a 50 day simple moving average of $20.80 and a two-hundred day simple moving average of $23.56. The firm has a market cap of $8.41 billion, a P/E ratio of 10.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.40.

TIM (NYSE:TIMB) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. The firm had revenue of $1.35 billion for the quarter. On average, equities analysts expect that TIM will post 1.83 earnings per share for the current fiscal year.

TIM Announces Dividend

The firm also recently declared a special dividend, which was paid on Wednesday, July 29th. Investors of record on Monday, June 29th were paid a dividend of $0.1618 per share. The ex-dividend date of this dividend was Monday, June 29th. TIM’s dividend payout ratio (DPR) is currently 61.54%.

Insider Activity

In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the business’s 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 $359,678.88. The trade was a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On TIM

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after acquiring an additional 789 shares during the period. Amundi bought a new stake in shares of TIM during the first quarter valued at approximately $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 valued at $16,539,000 after purchasing 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 valued at $433,000 after purchasing an additional 1,814 shares during the period. Finally, Rhumbline Advisers grew its stake in TIM by 117.7% in the second quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock worth $201,000 after purchasing an additional 5,417 shares in the last quarter.

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