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

Key Points

• Brokerages have assigned TIM S.A. Sponsored ADR a consensus rating of "Moderate Buy", with an average price target of $21.50.
• Recently, TIM reported earnings of $0.35 per share for the last quarter, exceeding analysts’ expectations of $0.31.
• The company announced a special dividend of $0.1888 per share to be paid on January 28th, with a payout ratio of 72.09%.

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.50.

TIMB has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of TIM from $22.00 to $24.50 and gave the stock an "overweight" rating in a report on Friday, August 8th. Citigroup initiated coverage on shares of TIM in a report on Wednesday, September 10th. They issued a "buy" rating on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of TIM in a report on Tuesday, October 14th. Scotiabank boosted their target price on shares of TIM from $19.10 to $23.60 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. Finally, Wall Street Zen raised shares of TIM from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 20th.

TIM Price Performance

TIM stock opened at $21.88 on Friday. TIM has a 52 week low of $11.32 and a 52 week high of $22.47. The company's 50 day moving average price is $21.21 and its two-hundred day moving average price is $18.92. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.54. The stock has a market cap of $10.59 billion, a P/E ratio of 16.96, a P/E/G ratio of 0.82 and a beta of 0.65.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. The company had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $6.62 billion. TIM had a net margin of 13.91% and a return on equity of 13.99%. On average, equities analysts predict that TIM will post 1.34 earnings per share for the current year.

TIM Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.1888 per share. The ex-dividend date of this dividend is Friday, October 3rd. TIM's payout ratio is presently 72.09%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. grew its position in shares of TIM by 10.8% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company's stock valued at $70,029,000 after purchasing an additional 339,384 shares in the last quarter. Goldman Sachs Group Inc. grew its position 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 purchasing an additional 47,130 shares in the last quarter. Crossmark Global Holdings Inc. grew its position in shares of TIM by 10.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 624,359 shares of the company's stock valued at $9,771,000 after purchasing an additional 57,562 shares in the last quarter. American Century Companies Inc. grew its position in shares of TIM by 26.4% during the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company's stock valued at $8,961,000 after purchasing an additional 93,179 shares in the last quarter. Finally, Assetmark Inc. grew its position in shares of TIM by 15.3% during the 2nd quarter. Assetmark Inc. now owns 380,158 shares of the company's stock valued at $7,645,000 after purchasing an additional 50,379 shares in the last quarter.

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.