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

TIM (NYSE:TIMB - Get Free Report) had its price objective increased by analysts at Barclays from $17.50 to $20.00 in a report released on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target suggests a potential upside of 0.50% from the company's current price.

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

TIM Stock Performance

TIM stock traded down $0.47 during trading on Monday, reaching $19.90. The company had a trading volume of 243,756 shares, compared to its average volume of 513,248. TIM has a 52 week low of $11.32 and a 52 week high of $20.78. The firm's 50-day simple moving average is $18.12 and its 200 day simple moving average is $15.46. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 0.94 and a beta of 0.64. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57.

TIM (NYSE:TIMB - Get Free Report) last announced its earnings results on Monday, May 5th. The company reported $0.28 EPS for the quarter, topping 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 company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $6.38 billion. Sell-side analysts forecast that TIM will post 1.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of TIM by 119.3% during the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after buying an additional 1,647 shares during the period. Brooklyn Investment Group purchased a new position in shares of TIM during the first quarter valued at approximately $50,000. Farther Finance Advisors LLC boosted its position in shares of TIM by 30,036.4% during the first quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock valued at $53,000 after buying an additional 3,304 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of TIM during the fourth quarter valued at approximately $54,000. Finally, SVB Wealth LLC purchased a new position in shares of TIM during the first quarter valued at approximately $64,000.

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.