TIM S.A. Sponsored ADR (NYSE:TIMB) Receives Consensus Rating of "Hold" from 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.

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

A number of research analysts have recently weighed in on TIMB shares. Hsbc Global Res cut shares of TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Barclays lifted their target price on shares of TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Wall Street Zen raised shares of TIM from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Scotiabank lifted their target price on shares of TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Finally, HSBC cut shares of TIM to a "hold" rating in a research note on Friday, June 13th.

Institutional Investors Weigh In On TIM

Several hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. lifted its holdings in shares of TIM by 303.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company's stock worth $42,000 after acquiring an additional 1,552 shares during the period. GAMMA Investing LLC increased its position in TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after acquiring an additional 1,647 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of TIM in the 1st quarter valued at about $50,000. Farther Finance Advisors LLC boosted its stake in shares of TIM by 30,036.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock valued at $53,000 after purchasing an additional 3,304 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of TIM in the 4th quarter valued at about $54,000.

TIM Stock Up 1.5%

Shares of TIM stock traded up $0.31 during trading hours on Tuesday, reaching $20.62. 157,275 shares of the company were exchanged, compared to its average volume of 504,706. TIM has a 1 year low of $11.32 and a 1 year high of $20.78. The stock's fifty day moving average is $18.86 and its 200 day moving average is $16.50. 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 firm has a market cap of $9.99 billion, a PE ratio of 15.97, a PEG ratio of 0.79 and a beta of 0.60.

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

TIM Cuts Dividend

The firm also recently announced 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 currently 67.44%.

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.