Wall Street Zen Upgrades TIM (NYSE:TIMB) to Strong-Buy

Wall Street Zen upgraded shares of TIM (NYSE:TIMB - Free Report) from a buy rating to a strong-buy rating in a research report released on Saturday.

TIMB has been the subject of several other research reports. Scotiabank dropped their price target on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research note on Wednesday, February 12th. Barclays set a $17.50 target price on TIM in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group increased their price target on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, TIM has a consensus rating of "Moderate Buy" and an average price target of $17.33.

TIM Price Performance

Shares of NYSE:TIMB traded up $0.28 during midday trading on Friday, hitting $18.08. The company's stock had a trading volume of 392,290 shares, compared to its average volume of 502,847. The company has a market cap of $8.75 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.67 and a beta of 0.60. TIM has a 12-month low of $11.32 and a 12-month high of $18.29. The business's 50 day simple moving average is $16.51 and its 200 day simple moving average is $14.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

TIM (NYSE:TIMB - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. TIM had a return on equity of 11.91% and a net margin of 12.24%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. On average, analysts forecast that TIM will post 1.34 EPS for the current year.

TIM Dividend Announcement

The company also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.1086 per share. This represents a yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM's dividend payout ratio (DPR) is 68.00%.

Institutional Trading of TIM

A number of hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in shares of TIM by 4.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock worth $16,539,000 after acquiring an additional 47,130 shares during the period. Amundi acquired a new stake in TIM in the first quarter valued at about $87,000. Aprio Wealth Management LLC boosted its holdings in TIM by 85.4% in the 1st quarter. Aprio Wealth Management LLC now owns 30,658 shares of the company's stock valued at $480,000 after purchasing an additional 14,119 shares in the last quarter. Royal Bank of Canada boosted its holdings in TIM by 1.3% in the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company's stock valued at $970,000 after purchasing an additional 789 shares in the last quarter. Finally, Vident Advisory LLC increased its position in TIM by 47.8% during the 1st quarter. Vident Advisory LLC now owns 43,994 shares of the company's stock worth $689,000 after purchasing an additional 14,224 shares during the period.

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.