TIM S.A. Sponsored ADR (NYSE:TIMB) Given Average Rating of “Hold” by Analysts

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been given a consensus recommendation of “Hold” by the twelve analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $25.90.

TIMB has been the subject of a number of analyst reports. New Street Research upgraded shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Wall Street Zen lowered shares of TIM from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 25th. The Goldman Sachs Group initiated coverage on shares of TIM in a research report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price objective for the company. Scotiabank raised their price objective on shares of TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings cut TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th.

TIM Stock Performance

Shares of TIMB opened at $21.99 on Monday. The stock’s 50-day simple moving average is $25.01 and its 200 day simple moving average is $23.84. The stock has a market capitalization of $10.65 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 1.14 and a beta of 0.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92. TIM has a 52-week low of $16.82 and a 52-week high of $28.22.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a net margin of 16.00% and a return on equity of 17.77%. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Research analysts forecast that TIM will post 1.8 EPS for the current fiscal year.

TIM Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, May 7th. Investors of record on Monday, March 30th were given a dividend of $0.1552 per share. The ex-dividend date was Monday, March 30th. TIM’s payout ratio is presently 61.59%.

Insider Buying and Selling

In related news, insider Auana Mattar Lima sold 8,200 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $4.42, for a total transaction of $36,244.00. Following the completion of the transaction, the insider directly owned 36,686 shares in the company, valued at $162,152.12. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On TIM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 494 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in TIM during the fourth quarter worth about $39,000. EverSource Wealth Advisors LLC grew its position in TIM by 188.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after buying an additional 1,345 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of TIM during the 2nd quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of TIM during the 4th quarter valued at about $56,000.

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