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

Key Points

• Analysts have given TIM S.A. Sponsored ADR (NYSE:TIMB) a consensus rating of "Hold", with one analyst assigning a buy rating and five rating it hold.
• The stock's average 1-year price target is $20.1667, illustrating a relatively positive outlook despite recent downgrades from various analysts.
• TIM has recently cut its dividend while reporting earnings of $0.35 per share, exceeding expectations of $0.31 per share—showing financial resilience amid market challenges.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) has been given a consensus rating of "Hold" by the six analysts that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.1667.

Several equities analysts have weighed in on the stock. Hsbc Global Res downgraded shares of TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Wall Street Zen raised shares of TIM from a "buy" rating to a "strong-buy" rating in a report on Saturday. HSBC downgraded shares of TIM to a "hold" rating in a report on Friday, June 13th. The Goldman Sachs Group boosted their target price on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Finally, Scotiabank boosted their target price on shares of TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st.

TIM Price Performance

Shares of NYSE:TIMB opened at $19.25 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.88. TIM has a 1-year low of $11.32 and a 1-year high of $20.78. The company has a market capitalization of $9.32 billion, a P/E ratio of 14.92, a P/E/G ratio of 0.75 and a beta of 0.60. The firm's 50 day simple moving average is $18.70 and its two-hundred day simple moving average is $16.39.

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

TIM Cuts Dividend

The firm also recently declared a -- dividend, which will be paid on Tuesday, October 28th. Investors of record on Monday, August 4th will be paid a dividend of $0.1189 per share. The ex-dividend date of this dividend is Monday, August 4th. This represents a yield of 720.0%. TIM's dividend payout ratio is presently 59.69%.

Institutional Investors Weigh In On TIM

A number of hedge funds have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in TIM by 7.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,658 shares of the company's stock valued at $174,000 after purchasing an additional 623 shares in the last quarter. Farther Finance Advisors LLC raised its stake in TIM by 19.3% during the second quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company's stock valued at $80,000 after purchasing an additional 641 shares in the last quarter. Royal Bank of Canada raised its stake in TIM by 1.3% during the first 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. PNC Financial Services Group Inc. raised its stake in TIM by 29.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company's stock valued at $67,000 after purchasing an additional 969 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake 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 in the last quarter.

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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