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

Key Points

• TIM S.A. Sponsored ADR has received an average recommendation of "Hold" from seven analysts, with five recommending holding the stock and two suggesting a buy.
• The company's shares experienced notable activity from hedge funds, with EverSource Wealth Advisors increasing its position by 188.1% in the second quarter.
• Recently, TIM declared a special dividend of $0.1189 per share, resulting in a significant yield of 720.0% for shareholders of record.

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $21.25.

TIMB has been the topic of a number of recent analyst reports. HSBC downgraded TIM to a "hold" rating in a research report on Friday, June 13th. Barclays boosted their price target on TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a research report on Monday, July 7th. Hsbc Global Res downgraded TIM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Wall Street Zen raised TIM from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, JPMorgan Chase & Co. boosted their price target on TIM from $22.00 to $24.50 and gave the stock an "overweight" rating in a research report on Friday, August 8th.

Hedge Funds Weigh In On TIM

Institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company's stock valued at $41,000 after purchasing an additional 1,345 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of TIM by 303.1% in the second quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company's stock valued at $42,000 after purchasing an additional 1,552 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of TIM in the second quarter valued at approximately $42,000. GAMMA Investing LLC grew its position in shares of TIM by 119.3% in the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after purchasing an additional 1,647 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new position in shares of TIM in the first quarter valued at approximately $50,000.

TIM Stock Performance

TIMB opened at $21.07 on Friday. TIM has a 52-week low of $11.32 and a 52-week high of $21.57. The firm has a market capitalization of $10.20 billion, a PE ratio of 16.34, a PEG ratio of 0.85 and a beta of 0.60. 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 business's 50-day simple moving average is $19.63 and its 200 day simple moving average is $17.32.

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

TIM Cuts Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.