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

TIM S.A. Sponsored ADR (NYSE:TIMB) has been assigned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $23.25.

TIMB has been the topic of several analyst reports. Barclays upped their target price on TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Bank of America initiated coverage on shares of TIM in a report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price objective on the stock. Scotiabank reaffirmed a “sector perform” rating and issued a $23.60 target price on shares of TIM in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of TIM in a research note on Monday, December 29th. Finally, Hsbc Global Res upgraded TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th.

TIM Stock Down 3.2%

TIMB stock opened at $23.30 on Tuesday. The stock has a market capitalization of $11.28 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.74 and a beta of 0.50. TIM has a fifty-two week low of $13.10 and a fifty-two week high of $24.40. The business has a 50-day moving average of $21.53 and a 200-day moving average of $21.29. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.94.

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

TIM Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were paid a dividend of $0.6784 per share. The ex-dividend date was Monday, December 29th. TIM’s dividend payout ratio is presently 96.58%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TIMB. Global Retirement Partners LLC increased its position in TIM by 5,590.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after purchasing an additional 1,174 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in TIM in the third quarter valued at $28,000. EverSource Wealth Advisors LLC increased its stake 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 buying an additional 1,345 shares during the period. Hantz Financial Services Inc. increased its position in TIM by 303.1% during the 2nd 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 period. Finally, Raymond James Financial Inc. bought a new stake in shares of TIM in the 2nd quarter valued at $42,000.

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