Analysts at Citigroup initiated coverage on shares of TIM (NYSE:TIMB - Get Free Report) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set a "buy" rating on the stock.
Several other brokerages have also recently weighed in on TIMB. Scotiabank upped their price target on TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Barclays increased their target price on TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. HSBC cut TIM to a "hold" rating in a research note on Friday, June 13th. Wall Street Zen cut TIM from a "strong-buy" rating to a "buy" rating in a research note on Friday, September 5th. Finally, Hsbc Global Res cut TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, TIM presently has a consensus rating of "Hold" and an average price target of $21.25.
Get Our Latest Stock Report on TIM
TIM Trading Up 0.7%
Shares of TIM stock traded up $0.14 during midday trading on Wednesday, reaching $21.42. 91,179 shares of the company's stock traded hands, compared to its average volume of 506,911. The company has a market cap of $10.37 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.84 and a beta of 0.69. The stock has a 50 day moving average of $19.86 and a 200-day moving average of $17.78. TIM has a 12 month low of $11.32 and a 12 month high of $21.57. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 0.91.
TIM (NYSE:TIMB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $6.62 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. As a group, equities analysts expect that TIM will post 1.34 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of TIM by 3,331.4% in the first quarter. GAMMA Investing LLC now owns 47,388 shares of the company's stock worth $742,000 after buying an additional 46,007 shares during the period. Blue Trust Inc. raised its stake in TIM by 26.2% during the 1st quarter. Blue Trust Inc. now owns 7,687 shares of the company's stock valued at $120,000 after purchasing an additional 1,597 shares during the period. Millennium Management LLC raised its stake in TIM by 68.8% during the 4th quarter. Millennium Management LLC now owns 34,106 shares of the company's stock valued at $401,000 after purchasing an additional 13,905 shares during the period. BNP Paribas Financial Markets bought a new stake in TIM during the 4th quarter valued at approximately $338,000. Finally, D. E. Shaw & Co. Inc. raised its stake in TIM by 37.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 106,903 shares of the company's stock valued at $1,257,000 after purchasing an additional 28,881 shares during the period.
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.
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