TIM S.A. Sponsored ADR (NYSE:TIMB) Given Average Rating of "Hold" by Analysts

Key Points

• TIM S.A. Sponsored ADR has an average analyst rating of "Hold", with five analysts recommending hold and three suggesting buy.
• The average 1-year price target for the stock stands at $21.25, with recent adjustments increasing targets to as high as $24.50.
• A special dividend of $0.1189 is set to be paid on October 28th, reflecting a significant yield of 720.0%.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $21.25.

Several analysts recently weighed in on TIMB shares. HSBC cut shares of TIM to a "hold" rating in a research note on Friday, June 13th. Wall Street Zen upgraded shares of TIM from a "buy" rating to a "strong-buy" rating in a report on Saturday. JPMorgan Chase & Co. boosted their target price on shares of TIM from $22.00 to $24.50 and gave the company an "overweight" rating in a report on Friday, August 8th. Barclays boosted their target price on shares of TIM from $17.50 to $20.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Finally, Citigroup assumed coverage on shares of TIM in a report on Wednesday, September 10th. They issued a "buy" rating on the stock.

TIM Trading Up 1.7%

TIM stock opened at $22.01 on Wednesday. TIM has a 52 week low of $11.32 and a 52 week high of $22.08. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 0.91. The stock has a market capitalization of $10.65 billion, a P/E ratio of 17.06, a PEG ratio of 0.86 and a beta of 0.69. The stock has a 50-day simple moving average of $20.19 and a 200 day simple moving average of $18.12.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.04. TIM had a net margin of 13.91% and a return on equity of 13.99%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $6.62 billion. Analysts expect that TIM will post 1.34 earnings per share for the current year.

TIM Cuts Dividend

The firm also recently announced a special dividend, which will be paid on Tuesday, October 28th. Investors of record on Monday, August 4th will be issued a $0.1189 dividend. This represents a dividend yield of 720.0%. The ex-dividend date is Monday, August 4th. TIM's dividend payout ratio is currently 67.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of TIMB. Robeco Institutional Asset Management B.V. grew its position in shares of TIM by 10.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company's stock valued at $70,029,000 after acquiring an additional 339,384 shares during the period. Banco BTG Pactual S.A. boosted its holdings in TIM by 1,302.9% in the 1st quarter. Banco BTG Pactual S.A. now owns 260,933 shares of the company's stock valued at $4,084,000 after purchasing an additional 242,333 shares during the period. Altman Advisors Inc. purchased a new stake in shares of TIM during the 1st quarter valued at $1,979,000. American Century Companies Inc. raised its position in shares of TIM by 26.4% during the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company's stock valued at $8,961,000 after buying an additional 93,179 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of TIM during the 4th quarter valued at $949,000.

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.

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