Analysts Set TIM S.A. Sponsored ADR (NYSE:TIMB) Target Price at $23.25

TIM S.A. Sponsored ADR (NYSE:TIMB) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $23.25.

Several research firms have issued reports on TIMB. HSBC raised shares of TIM from a “hold” rating to a “buy” rating and lifted their price target for the stock from $21.00 to $27.00 in a report on Wednesday, November 5th. Wall Street Zen raised shares of TIM from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 20th. Jefferies Financial Group cut shares of TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Hsbc Global Res raised shares of TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Citigroup began coverage on TIM in a research report on Wednesday, September 10th. They issued a “buy” rating on the stock.

Institutional Trading of TIM

Several large investors have recently made changes to their positions in the business. Trexquant Investment LP purchased a new position in shares of TIM during the first quarter worth $414,000. Vident Advisory LLC lifted its holdings in shares of TIM by 47.8% in the 1st quarter. Vident Advisory LLC now owns 43,994 shares of the company’s stock valued at $689,000 after buying an additional 14,224 shares during the period. Royal Bank of Canada boosted its stake in shares of TIM by 1.3% in the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after buying an additional 789 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in TIM by 85.4% during the first quarter. Aprio Wealth Management LLC now owns 30,658 shares of the company’s stock worth $480,000 after acquiring an additional 14,119 shares during the period. Finally, Amundi purchased a new position in TIM during the first quarter valued at approximately $87,000.

TIM Price Performance

TIMB opened at $19.91 on Friday. The firm has a market capitalization of $9.64 billion, a PE ratio of 13.63, a price-to-earnings-growth ratio of 0.62 and a beta of 0.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.94. The business’s 50-day moving average is $21.98 and its two-hundred day moving average is $20.98. TIM has a 1 year low of $11.32 and a 1 year high of $23.88.

TIM (NYSE:TIMB) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.21 billion. TIM had a net margin of 15.35% and a return on equity of 15.72%. Research analysts anticipate that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

The company also recently announced a special dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 29th will be given a $0.6784 dividend. The ex-dividend date is Monday, December 29th. TIM’s dividend payout ratio is currently 96.58%.

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