TIM S.A. Sponsored ADR (NYSE:TIMB) Stock Has Average Target Price of $24.82

Key Points

• Analysts have a consensus “Hold” rating on TIM S.A. Sponsored ADR, with nine holds, two buys, one strong buy and one sell among 13 analysts. The average 12-month price target is $24.82, above the reported $17.84 share price.
• Recent analyst actions were mixed: Barclays lowered its target to $24 and maintained an equal-weight rating, while Santander upgraded TIM to outperform; Morgan Stanley and other firms kept or moved to neutral/hold views.
• TIM reported quarterly EPS of $0.42 on $1.35 billion in revenue, with a 15.73% net margin and 17.99% return on equity. The company also announced a special $0.2102-per-share dividend.

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) have been assigned an average rating of "Hold" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $24.82.

Several research analysts have recently weighed in on TIMB shares. Barclays lowered their price objective on shares of TIM from $28.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Friday, July 10th. Santander raised TIM from a "neutral" rating to an "outperform" rating in a research report on Monday, June 22nd. Weiss Ratings downgraded TIM from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, September 14th. Morgan Stanley reissued a "market perform" rating and set a $22.00 target price on shares of TIM in a report on Thursday, August 20th. Finally, Wall Street Zen cut TIM from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th.

Institutional Trading of TIM

A number of hedge funds have recently modified their holdings of TIMB. QRG Capital Management Inc. boosted its holdings in shares of TIM by 6.5% during the 2nd quarter. QRG Capital Management Inc. now owns 20,034 shares of the company's stock worth $429,000 after buying an additional 1,222 shares during the period. Integrated Wealth Concepts LLC bought a new position in TIM in the 2nd quarter valued at about $56,000. Squarepoint Ops LLC raised its holdings in TIM by 45.7% in the 2nd quarter. Squarepoint Ops LLC now owns 26,223 shares of the company's stock valued at $562,000 after acquiring an additional 8,226 shares during the period. Nykredit A S acquired a new stake in TIM during the second quarter worth approximately $370,000. Finally, Ameritas Advisory Services LLC acquired a new stake in TIM during the second quarter worth approximately $25,000.

TIM Trading Up 2.1%

NYSE TIMB opened at $17.84 on Friday. TIM has a 12 month low of $17.14 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. The stock has a 50 day moving average of $18.39 and a 200-day moving average of $21.79. The company has a market cap of $8.63 billion, a PE ratio of 10.55, a PEG ratio of 1.19 and a beta of 0.33.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly 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 net margin of 15.73% and a return on equity of 17.99%. On average, equities research analysts anticipate that TIM will post 1.82 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Friday, January 29th. Stockholders of record on Monday, September 28th will be given a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM's dividend payout ratio is presently 71.01%.

About TIM

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

The company operates a nationwide telecommunications network in Brazil and serves customers through retail stores, digital channels and business-focused sales operations. TIM also provides enterprise services such as connectivity, information technology and communications solutions, including products related to the Internet of Things, cloud computing and managed networks.

TIM SA traces its roots to the launch of TIM Brasil in the late 1990s and is part of the Telecom Italia Group.

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