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

Key Points

• Analyst consensus: TIM S.A. has an average recommendation of "Moderate Buy" from 11 analysts (1 sell, 5 hold, 3 buy, 2 strong buy) with an average 12‑month price target of $24.65.
• Major institutional investors including Renaissance Technologies, Goldman Sachs, State Street, UBS and Schroder have recently increased their positions, indicating growing institutional interest.
• Recent fundamentals and corporate actions: TIM reported Q1 EPS of $0.52 (beats $0.48) on $1.25B revenue, the stock trades near its 52‑week high (~$27.95) with a market cap of ~$13.5B and P/E ~17.5, and the company declared a special dividend of $0.1552 per share payable May 7.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $24.65.

A number of equities analysts recently commented on TIMB shares. Citigroup cut TIM from a "buy" rating to a "neutral" rating in a report on Wednesday, January 21st. Barclays increased their price objective on shares of TIM from $23.50 to $26.00 and gave the company an "equal weight" rating in a research report on Monday, March 2nd. New Street Research raised shares of TIM from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 7th. Scotiabank raised their price objective on shares of TIM from $23.60 to $29.50 and gave the stock a "sector perform" rating in a research report on Monday, March 30th. Finally, Weiss Ratings upgraded shares of TIM from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, March 16th.

Institutional Investors Weigh In On TIM

Several hedge funds have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in TIM by 4.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company's stock worth $35,951,000 after acquiring an additional 82,700 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in TIM by 4.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock worth $16,539,000 after acquiring an additional 47,130 shares during the last quarter. State Street Corp lifted its position in TIM by 5.3% during the fourth quarter. State Street Corp now owns 657,839 shares of the company's stock worth $13,464,000 after acquiring an additional 33,364 shares during the last quarter. UBS Group AG lifted its position in TIM by 12.4% during the fourth quarter. UBS Group AG now owns 537,416 shares of the company's stock worth $10,453,000 after acquiring an additional 59,136 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in TIM by 2.2% during the third quarter. Schroder Investment Management Group now owns 449,225 shares of the company's stock worth $9,860,000 after acquiring an additional 9,879 shares during the last quarter.

TIM Trading Up 1.3%

TIM stock opened at $27.95 on Friday. TIM has a 52 week low of $14.46 and a 52 week high of $28.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89. The stock has a market capitalization of $13.53 billion, a P/E ratio of 17.47, a PEG ratio of 0.72 and a beta of 0.48. The stock has a 50-day simple moving average of $25.92 and a 200 day simple moving average of $23.30.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. TIM had a return on equity of 17.84% and a net margin of 16.28%.The business had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.30 billion. Analysts expect that TIM will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Thursday, May 7th. Shareholders of record on Monday, March 30th will be given a dividend of $0.1552 per share. The ex-dividend date is Monday, March 30th. TIM's dividend payout ratio (DPR) is 83.13%.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA

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