TIM (NYSE:TIMB - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued on Saturday.
TIMB has been the subject of several other reports. Santander raised TIM from a "neutral" rating to an "outperform" rating in a report on Monday, June 22nd. The Goldman Sachs Group began coverage on TIM in a report on Monday, May 18th. They set a "neutral" rating and a $23.40 target price on the stock. Morgan Stanley reiterated a "market perform" rating and issued a $22.00 target price on shares of TIM in a research report on Thursday, August 20th. Scotiabank boosted 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. Finally, Zacks Research lowered TIM from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $24.82.
Get Our Latest Analysis on TIMB
TIM Price Performance
Shares of TIMB stock opened at $17.65 on Friday. The firm has a fifty day moving average of $20.06 and a two-hundred day moving average of $23.14. The firm has a market cap of $8.55 billion, a P/E ratio of 10.44, a P/E/G ratio of 1.18 and a beta of 0.40. TIM has a 1-year low of $17.14 and a 1-year high of $28.22. 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 (NYSE:TIMB - Get Free Report) last issued its earnings results 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 business had revenue of $1.35 billion for the quarter. As a group, research analysts anticipate that TIM will post 1.82 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the sale, the chief financial officer owned 83,259 shares in the company, valued at $359,678.88. This represents a 29.60% decrease in their ownership of the stock. 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
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of TIM by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company's stock worth $35,951,000 after purchasing an additional 82,700 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of 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 purchasing an additional 47,130 shares during the last quarter. State Street Corp boosted its position 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 purchasing an additional 33,364 shares during the period. UBS Group AG boosted its position in 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, Assetmark Inc. grew its stake in TIM by 19.0% during the 1st quarter. Assetmark Inc. now owns 490,478 shares of the company's stock worth $12,993,000 after buying an additional 78,379 shares during the last quarter.
About TIM
(
Get Free Report)
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
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