TIM (NYSE:TIMB) Upgraded at Wall Street Zen

TIM (NYSE:TIMB - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

Other equities research analysts also recently issued reports about the stock. Barclays set a $17.50 target price on shares of TIM in a research note on Wednesday, May 7th. Scotiabank lowered their target price 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. Finally, The Goldman Sachs Group raised their target price on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.33.

TIM Stock Performance

Shares of TIMB stock opened at $17.96 on Friday. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 0.67 and a beta of 0.60. The company's 50 day moving average is $16.44 and its 200 day moving average is $14.52. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. TIM has a 52-week low of $11.32 and a 52-week high of $18.29.

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

Institutional Investors Weigh In On TIM

Institutional investors and hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its stake in shares of TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after buying an additional 2,211 shares during the period. GAMMA Investing LLC lifted its stake in shares of TIM by 119.3% during the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock worth $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 worth $50,000. Farther Finance Advisors LLC raised its holdings 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 worth $53,000 after purchasing an additional 3,304 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of TIM during the first quarter worth $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.

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