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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) have earned a consensus rating of "Hold" from the six brokerages that are 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 target price among brokerages that have issued a report on the stock in the last year is $18.17.

Several brokerages recently weighed in on TIMB. HSBC cut TIM to a "hold" rating in a report on Friday, June 13th. Hsbc Global Res cut shares of TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Wall Street Zen lowered shares of TIM from a "strong-buy" rating to a "buy" rating in a report on Sunday, June 15th. Barclays increased their price target on shares of TIM from $17.50 to $20.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, The Goldman Sachs Group boosted their price objective on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research report on Wednesday, April 30th.

TIM Stock Performance

TIM stock opened at $19.33 on Friday. TIM has a 1-year low of $11.32 and a 1-year high of $20.78. The company has a current ratio of 0.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $9.36 billion, a PE ratio of 15.46, a price-to-earnings-growth ratio of 0.87 and a beta of 0.64. The firm's 50 day simple moving average is $18.29 and its 200 day simple moving average is $15.57.

TIM (NYSE:TIMB - Get Free Report) last issued its quarterly 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 net margin of 13.30% and a return on equity of 13.17%. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $6.38 billion. As a group, analysts expect that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

The company also recently announced an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be issued a $0.1086 dividend. The ex-dividend date is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio (DPR) is presently 61.60%.

Institutional Trading of TIM

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its position in TIM by 27.8% during the second quarter. Parallel Advisors LLC now owns 6,233 shares of the company's stock valued at $125,000 after purchasing an additional 1,355 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock valued at $16,539,000 after buying an additional 47,130 shares during the period. Amundi bought a new position in shares of TIM during the 1st quarter valued at $87,000. Aprio Wealth Management LLC boosted its stake in shares of TIM by 85.4% in the 1st quarter. Aprio Wealth Management LLC now owns 30,658 shares of the company's stock worth $480,000 after buying an additional 14,119 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of TIM by 1.3% in the first quarter. Royal Bank of Canada now owns 62,008 shares of the company's stock worth $970,000 after acquiring an additional 789 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.

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