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

Key Points

• Shares of TIM S.A. Sponsored ADR have a consensus rating of Moderate Buy from 11 analysts (2 strong buy, 3 buy, 5 hold, 1 sell) with an average 12‑month price target of $25.90.
• TIM's most recent quarter slightly missed estimates, reporting EPS of $0.32 versus $0.34 expected and revenue of $1.31 billion versus $1.32 billion, while analysts project about 1.9 EPS for the current year.
• The company declared a special dividend of $0.1552 per share payable May 7 (record/ex‑dividend date March 30); shares opened at $24.99 and the stock has a market cap of $12.1 billion with a P/E of 15.24.

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $25.90.

A number of research firms have recently weighed in on TIMB. Bradesco Corretora downgraded TIM to a "neutral" rating in a report on Tuesday, April 28th. Citigroup lowered shares of TIM from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 21st. Weiss Ratings upgraded shares of TIM from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 16th. Barclays boosted their price objective on shares of TIM from $26.00 to $27.00 and gave the company an "equal weight" rating in a report on Wednesday, April 15th. Finally, New Street Research upgraded shares of TIM from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 7th.

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Institutional Trading of TIM

Several large investors have recently modified their holdings of TIMB. Inspire Investing LLC lifted its position in TIM by 10.1% during the first quarter. Inspire Investing LLC now owns 4,191 shares of the company's stock worth $111,000 after purchasing an additional 386 shares during the period. Ritholtz Wealth Management boosted its position in shares of TIM by 0.3% during the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company's stock worth $3,366,000 after acquiring an additional 441 shares in the last quarter. Wells Fargo & Company MN increased its stake in TIM by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company's stock valued at $27,000 after acquiring an additional 494 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in TIM by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company's stock valued at $51,000 after purchasing an additional 504 shares in the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in TIM by 4.4% during the third quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company's stock worth $329,000 after purchasing an additional 627 shares during the last quarter.

TIM Price Performance

Shares of NYSE TIMB opened at $24.99 on Thursday. The firm has a market cap of $12.10 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.56 and a beta of 0.43. The business's 50 day moving average is $26.21 and its 200-day moving average is $23.86. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. TIM has a 1-year low of $16.64 and a 1-year high of $28.22.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). TIM had a net margin of 16.00% and a return on equity of 17.96%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Equities research analysts predict that TIM will post 1.9 earnings per share for the current year.

TIM Dividend Announcement

The business also recently declared a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be given a dividend of $0.1552 per share. The ex-dividend date of this dividend is Monday, March 30th. TIM's dividend payout ratio is currently 68.75%.

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. 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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