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

TIM S.A. Sponsored ADR (NYSE:TIMB) has earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $23.25.

A number of research firms have recently commented on TIMB. Jefferies Financial Group lowered shares of TIM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 19th. HSBC upgraded shares of TIM from a “hold” rating to a “buy” rating and raised their target price for the company from $21.00 to $27.00 in a research note on Wednesday, November 5th. Barclays lifted their target price on shares of TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Scotiabank restated a “sector perform” rating and set a $23.60 price target on shares of TIM in a report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th.

TIM Price Performance

Shares of NYSE:TIMB opened at $26.58 on Friday. The stock has a market capitalization of $12.87 billion, a P/E ratio of 16.61, a P/E/G ratio of 0.67 and a beta of 0.47. The business has a 50-day moving average of $22.53 and a two-hundred day moving average of $22.09. TIM has a fifty-two week low of $13.65 and a fifty-two week high of $27.74. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. TIM had a return on equity of 17.84% and a net margin of 16.28%.The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. On average, equities research analysts predict that TIM will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were issued a $0.6784 dividend. The ex-dividend date of this dividend was Monday, December 29th. TIM’s dividend payout ratio (DPR) is 88.13%.

Institutional Investors Weigh In On TIM

Hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC grew its stake in shares of TIM by 5,590.5% in the third quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after acquiring an additional 1,174 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in TIM by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after purchasing an additional 494 shares during the period. TD Private Client Wealth LLC acquired a new stake in TIM in the 3rd quarter worth $28,000. Kestra Advisory Services LLC acquired a new stake in TIM in the 4th quarter worth $39,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of TIM by 188.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after purchasing an additional 1,345 shares during the period.

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