TIM (NYSE:TIMB) Price Target Raised to $20.00 at Barclays

TIM (NYSE:TIMB - Get Free Report) had its price target lifted by analysts at Barclays from $17.50 to $20.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target suggests a potential upside of 3.49% from the stock's previous close.

A number of other research analysts have also commented on the company. Wall Street Zen lowered TIM from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 15th. The Goldman Sachs Group increased their target price on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Hsbc Global Res lowered TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Finally, HSBC lowered TIM to a "hold" rating in a report on Friday, June 13th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.17.

TIM Stock Performance

NYSE TIMB traded down $0.15 on Monday, reaching $19.33. The stock had a trading volume of 473,140 shares, compared to its average volume of 515,925. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.88 and a quick ratio of 0.86. The firm has a fifty day moving average of $18.24 and a two-hundred day moving average of $15.52. TIM has a 1-year low of $11.32 and a 1-year high of $20.78. The company has a market cap of $9.36 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 0.87 and a beta of 0.64.

TIM (NYSE:TIMB - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. TIM had a return on equity of 13.17% and a net margin of 13.30%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $6.38 billion. On average, equities research analysts anticipate that TIM will post 1.34 EPS for the current year.

Institutional Trading of TIM

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in TIM by 3,331.4% in the first quarter. GAMMA Investing LLC now owns 47,388 shares of the company's stock valued at $742,000 after buying an additional 46,007 shares in the last quarter. Blue Trust Inc. boosted its stake in TIM by 26.2% in the first quarter. Blue Trust Inc. now owns 7,687 shares of the company's stock valued at $120,000 after buying an additional 1,597 shares in the last quarter. Cerity Partners LLC acquired a new stake in TIM in the fourth quarter valued at about $330,000. BNP Paribas Financial Markets bought a new position in TIM in the fourth quarter valued at about $338,000. Finally, Millennium Management LLC raised its position in TIM by 68.8% in the fourth 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 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.