TIM (NYSE:TIMB) Given Hold (C) Rating at Weiss Ratings

Key Points

• The stock of TIM (NYSE:TIMB) has been given a "hold (C)" rating by Weiss Ratings, while other analysts have issued more favorable ratings including "strong-buy" and "sector outperform."
• TIM's current stock price is $20.71, with a 50-day moving average of $21.11 and a twelve-month high of $22.47.
• The company's recent earnings report showed a profit of $0.35 per share, exceeding estimates, and TIM is projected to achieve an EPS of 1.34 for the fiscal year.

TIM (NYSE:TIMB - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Tuesday,Weiss Ratings reports.

A number of other analysts also recently weighed in on the stock. Wall Street Zen raised shares of TIM from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 20th. Scotiabank increased their target price on shares of TIM from $19.10 to $23.60 and gave the company a "sector outperform" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their target price on shares of TIM from $22.00 to $24.50 and gave the company an "overweight" rating in a research report on Friday, August 8th. Citigroup assumed coverage on shares of TIM in a research report on Wednesday, September 10th. They set a "buy" rating for the company. Finally, Barclays increased their target price on shares of TIM from $20.00 to $21.00 and gave the company an "equal weight" rating in a research report on Monday, October 6th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, TIM presently has a consensus rating of "Hold" and a consensus price target of $21.50.

TIM Trading Down 0.3%

Shares of TIM stock traded down $0.07 on Tuesday, hitting $20.71. The stock had a trading volume of 74,464 shares, compared to its average volume of 480,380. The stock has a 50 day moving average of $21.11 and a 200 day moving average of $18.79. TIM has a twelve month low of $11.32 and a twelve month high of $22.47. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 0.91. The firm has a market capitalization of $10.02 billion, a P/E ratio of 16.05, a PEG ratio of 0.79 and a beta of 0.65.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. TIM had a return on equity of 13.99% and a net margin of 13.91%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $6.62 billion. Sell-side analysts expect that TIM will post 1.34 earnings per share for the current fiscal year.

Institutional Trading of TIM

Several large investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TIM by 7.8% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,658 shares of the company's stock worth $174,000 after buying an additional 623 shares during the period. Farther Finance Advisors LLC grew its position in shares of TIM by 19.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company's stock worth $80,000 after buying an additional 641 shares during the period. Royal Bank of Canada grew its position in shares of TIM by 1.3% during the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company's stock worth $970,000 after buying an additional 789 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of TIM by 29.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company's stock worth $67,000 after purchasing an additional 969 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company's stock worth $41,000 after purchasing an additional 1,345 shares in the last quarter.

About TIM

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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