TIM S.A. Sponsored ADR (NYSE:TIMB) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Analysts maintain a “Hold” consensus on TIM S.A., with nine hold ratings, two buys, one strong buy, and one sell among 13 brokerages. The average 12-month price target is $24.82, above the reported opening price of $18.72.
• TIM reported quarterly EPS of $0.42 on revenue of $1.35 billion, while analysts expect full-year EPS of $1.82. The company also paid a special dividend of $0.1618 per share.
• The stock is trading near the lower end of its 52-week range of $17.14 to $28.22, with a market capitalization of approximately $9.06 billion and a P/E ratio of 11.08.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) has been assigned a consensus recommendation of "Hold" from the thirteen ratings firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $24.8167.

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Morgan Stanley reissued a "market perform" rating and issued a $22.00 price objective on shares of TIM in a research note on Thursday, August 20th. Weiss Ratings upgraded shares of TIM from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. The Goldman Sachs Group initiated coverage on shares of TIM in a research report on Monday, May 18th. They set a "neutral" rating and a $23.40 target price on the stock. Finally, Scotiabank increased their price target on shares of TIM from $27.00 to $28.50 and gave the company a "sector perform" rating in a report on Wednesday, May 27th.

TIM Stock Performance

Shares of NYSE TIMB opened at $18.72 on Wednesday. The company has a market cap of $9.06 billion, a P/E ratio of 11.08, a P/E/G ratio of 1.23 and a beta of 0.38. TIM has a 52-week low of $17.14 and a 52-week high of $28.22. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85. The firm's fifty day moving average is $19.61 and its two-hundred day moving average is $22.74.

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. The firm had revenue of $1.35 billion for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%. As a group, analysts anticipate that TIM will post 1.82 EPS for the current fiscal year.

TIM Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were paid a $0.1618 dividend. The ex-dividend date of this dividend was Monday, June 29th. TIM's dividend payout ratio (DPR) is presently 60.95%.

Insider Activity at TIM

In other news, 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 transaction, the chief financial officer owned 83,259 shares of the company's stock, valued at approximately $359,678.88. The trade was a 29.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Trading of TIM

A number of institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC increased its position in TIM by 878.4% during the third quarter. Citadel Advisors LLC now owns 370,982 shares of the company's stock valued at $8,280,000 after acquiring an additional 333,066 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of TIM by 199.8% in the 1st quarter. Bank of America Corp DE now owns 251,330 shares of the company's stock worth $6,658,000 after acquiring an additional 167,504 shares during the last quarter. Millennium Management LLC boosted its stake in shares of TIM by 460.6% during the 4th quarter. Millennium Management LLC now owns 105,334 shares of the company's stock worth $2,049,000 after purchasing an additional 86,545 shares during the period. Renaissance Technologies LLC boosted its stake 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. Finally, Assetmark Inc. grew its holdings in TIM by 19.0% during 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 last quarter.

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

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