TIM S.A. Sponsored ADR (NYSE:TIMB) Stock Has Consensus Price Target of $24.82 According to Brokerages

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been assigned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $24.82.

A number of analysts recently weighed in on the stock. Barclays reduced their price objective on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Santander upgraded TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd. Morgan Stanley restated a “market perform” rating and set a $22.00 target price on shares of TIM in a research report on Thursday, August 20th. Wall Street Zen cut TIM from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Finally, Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th.

Institutional Trading of TIM

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC bought a new stake in shares of TIM during the second quarter worth $25,000. Eastern Bank bought a new position in shares of TIM in the second quarter worth about $34,000. Integrated Wealth Concepts LLC bought a new position in shares of TIM in the second quarter worth about $56,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of TIM by 22,929.4% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,915 shares of the company’s stock worth $76,000 after purchasing an additional 3,898 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in TIM by 10.1% in the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock worth $111,000 after buying an additional 386 shares during the period.

TIM Trading Down 1.8%

TIMB stock opened at $18.96 on Friday. TIM has a twelve month low of $17.14 and a twelve month high of $28.22. The stock has a market capitalization of $9.07 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 1.29 and a beta of 0.33. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $18.34 and its two-hundred day simple moving average is $21.67.

TIM (NYSE:TIMB) last released its earnings results on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. The firm had revenue of $1.35 billion during the quarter. As a group, analysts anticipate that TIM will post 1.82 earnings per share for the current year.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, January 29th. Investors of record on Monday, September 28th will be issued a dividend of $0.2102 per share. The ex-dividend date is Monday, September 28th. TIM’s payout ratio is presently 62.13%.

About TIM

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and government customers. Its offerings include voice and messaging, mobile data, broadband internet, digital services and related connectivity solutions.

The company operates a nationwide telecommunications network in Brazil and serves customers through retail stores, digital channels and business-focused sales operations. TIM also provides enterprise services such as connectivity, information technology and communications solutions, including products related to the Internet of Things, cloud computing and managed networks.

TIM SA traces its roots to the launch of TIM Brasil in the late 1990s and is part of the Telecom Italia Group.