TIM S.A. Sponsored ADR (NYSE:TIMB) Stock Rated "Hold" by Wall Street Analysts

Key Points

• Wall Street’s consensus rating is “Hold”: Ten of 13 analysts recommend holding TIMB, while two rate it a buy and one a strong buy. The average 12-month price target is $24.82, above the reported opening price of $17.75.
• TIMB shares are down 0.3%, with the stock trading below both its 50-day ($18.40) and 200-day ($22.12) moving averages. The company reported quarterly EPS of $0.42 on $1.35 billion in revenue and analysts expect $1.82 in full-year EPS.
• TIM announced a special dividend of $0.2102 per share, with a 62.13% payout ratio. Several institutional investors and hedge funds recently initiated or increased positions in the Brazilian telecommunications company.

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirteen analysts that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $24.82.

Several research firms have issued reports on TIMB. Weiss Ratings cut shares of TIM from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 23rd. Morgan Stanley reaffirmed a "market perform" rating and set a $22.00 target price on shares of TIM in a research report on Thursday, August 20th. Bank of America raised shares of TIM from an "underperform" rating to a "neutral" rating in a research note on Tuesday, October 13th. Barclays lowered their price target on TIM from $28.00 to $24.00 and set an "equal weight" rating for the company in a report on Friday, July 10th. Finally, Wall Street Zen cut TIM from a "buy" rating to a "hold" rating in a research note on Saturday, August 29th.

TIM Stock Down 0.3%

NYSE:TIMB opened at $17.75 on Thursday. TIM has a twelve month low of $15.94 and a twelve month high of $28.22. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 10.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.33. The stock has a fifty day simple moving average of $18.40 and a 200-day simple moving average of $22.12. 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 (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $0.42 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%. Analysts anticipate that TIM will post 1.82 EPS for the current year.

TIM Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 29th. Shareholders of record on Monday, September 28th will be given a dividend of $0.2102 per share. The ex-dividend date of this dividend is Monday, September 28th. TIM's payout ratio is 62.13%.

Hedge Funds Weigh In On TIM

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Advisory Services LLC bought a new stake in shares of TIM in the 2nd quarter valued at about $25,000. Eastern Bank purchased a new stake in shares of TIM in the 2nd quarter worth approximately $34,000. Integrated Wealth Concepts LLC purchased a new stake in shares of TIM in the 2nd quarter worth approximately $56,000. Inspire Investing LLC boosted its stake in shares of TIM by 35.9% during the third quarter. Inspire Investing LLC now owns 5,088 shares of the company's stock valued at $91,000 after purchasing an additional 1,343 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of TIM by 24.1% during the third quarter. Farther Finance Advisors LLC now owns 5,666 shares of the company's stock valued at $101,000 after purchasing an additional 1,102 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.

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