TIM S.A. Sponsored ADR (NYSE:TIMB) Stock Now Rated “Hold” by Sell-Side Brokerages

TIM S.A. Sponsored ADR (NYSE:TIMB) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock, Marketbeat.com reports. Ten equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $23.98.

A number of research firms have weighed in on TIMB. Bank of America upgraded TIM from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. Morgan Stanley reiterated a “market perform” rating and set a $22.00 target price on shares of TIM in a research report on Thursday, August 20th. Barclays decreased their target price on TIM from $24.00 to $22.00 and set an “equal weight” rating for the company in a research report on Monday. Wall Street Zen downgraded TIM from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd.

TIM Price Performance

TIM stock opened at $18.23 on Thursday. The stock has a market cap of $8.72 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 1.61 and a beta of 0.39. The company has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $22.05. TIM has a 12-month low of $15.94 and a 12-month high of $28.22. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, January 29th. Stockholders of record on Monday, September 28th will be issued a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio is presently 62.13%.

Institutional Trading of TIM

Several institutional investors and hedge funds have recently bought and sold shares of TIMB. Ethic Inc. boosted its holdings in TIM by 76.8% during the third quarter. Ethic Inc. now owns 54,011 shares of the company’s stock worth $964,000 after buying an additional 23,468 shares in the last quarter. Parallel Advisors LLC grew its position in TIM by 15.9% during the third quarter. Parallel Advisors LLC now owns 9,029 shares of the company’s stock worth $161,000 after buying an additional 1,239 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of TIM by 31.6% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 99,902 shares of the company’s stock valued at $1,783,000 after acquiring an additional 24,000 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of TIM during the 3rd quarter valued at approximately $43,000. Finally, Vise Technologies Inc. boosted its stake in shares of TIM by 18.6% during the 3rd quarter. Vise Technologies Inc. now owns 33,486 shares of the company’s stock worth $598,000 after acquiring an additional 5,252 shares in the last quarter.

TIM Company Profile

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and public-sector customers. Its offerings include voice and data plans, mobile internet, broadband connectivity and related digital services.

The company operates a nationwide wireless network, including 4G and 5G services, and provides connectivity solutions for corporate and institutional customers. Its business portfolio also includes Internet of Things applications, managed connectivity and other digital and technology services.

TIM traces its Brazilian operations to the late 1990s and has developed into one of the country’s major mobile operators.