TIM (NYSE:TIMB) Rating Increased to Hold at The Goldman Sachs Group

TIM (NYSE:TIMB) was upgraded by analysts at The Goldman Sachs Group to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research analysts have also recently issued reports on TIMB. Weiss Ratings cut TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Scotiabank cut their target price on TIM from $29.50 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Wall Street Zen raised TIM from a “buy” rating to a “strong-buy” rating in a research report on Sunday. New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Finally, Barclays boosted their price objective on TIM from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TIM currently has a consensus rating of “Hold” and a consensus target price of $25.65.

TIM Stock Up 1.1%

Shares of NYSE:TIMB opened at $22.17 on Monday. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.13 and a beta of 0.43. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. TIM has a 12-month low of $16.64 and a 12-month high of $28.22. The business’s 50 day moving average is $25.60 and its 200 day moving average is $23.88.

TIM (NYSE:TIMB) last announced its 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). The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. On average, sell-side analysts forecast that TIM will post 1.81 earnings per share for the current fiscal year.

Institutional Trading of TIM

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC raised its stake in shares of TIM by 10.1% during the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock valued at $111,000 after purchasing an additional 386 shares during the period. Wells Fargo & Company MN increased its stake in TIM by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after acquiring an additional 494 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in TIM by 23.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock worth $51,000 after acquiring an additional 504 shares during the last quarter. NewEdge Advisors LLC increased its stake in TIM by 5.2% in the 4th quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock worth $283,000 after acquiring an additional 714 shares during the last quarter. Finally, DGS Capital Management LLC increased its stake in TIM by 1.9% in the 1st quarter. DGS Capital Management LLC now owns 40,919 shares of the company’s stock worth $1,084,000 after acquiring an additional 753 shares during 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA