TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) has been assigned an average rating of "Hold" from the six brokerages that are presently covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $17.33.
TIMB has been the subject of a number of recent analyst reports. Wall Street Zen downgraded TIM from a "strong-buy" rating to a "buy" rating in a report on Sunday. The Goldman Sachs Group raised their price objective 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. HSBC downgraded shares of TIM to a "hold" rating in a report on Friday, June 13th. Barclays set a $17.50 price target on shares of TIM in a research report on Wednesday, May 7th. Finally, Hsbc Global Res cut TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th.
View Our Latest Analysis on TIM
Institutional Trading of TIM
Several institutional investors and hedge funds have recently modified their holdings of TIMB. Global Retirement Partners LLC raised its position in shares of TIM by 1,005.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after purchasing an additional 2,211 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in TIM during the 4th quarter valued at $500,000. US Bancorp DE increased its position in TIM by 78.9% during the fourth quarter. US Bancorp DE now owns 38,162 shares of the company's stock worth $449,000 after buying an additional 16,832 shares in the last quarter. Brandes Investment Partners LP raised its holdings in shares of TIM by 127.4% in the fourth quarter. Brandes Investment Partners LP now owns 144,814 shares of the company's stock worth $1,703,000 after acquiring an additional 81,136 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new position in shares of TIM in the fourth quarter worth $319,000.
TIM Stock Performance
NYSE TIMB traded up $0.14 during trading hours on Monday, hitting $19.25. 500,319 shares of the stock were exchanged, compared to its average volume of 511,128. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.57. The company has a market cap of $9.32 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 0.87 and a beta of 0.60. TIM has a 12-month low of $11.32 and a 12-month high of $19.39. The stock has a 50-day moving average of $16.99 and a 200 day moving average of $14.79.
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 13.17% and a net margin of 13.30%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. As a group, equities research analysts forecast that TIM will post 1.34 earnings per share for the current year.
TIM Announces Dividend
The firm also recently announced 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 of this dividend is Friday, May 23rd. TIM's payout ratio is currently 68.80%.
About TIM
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Get Free ReportTIM 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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