TIM S.A. Sponsored ADR (NYSE:TIMB) Receives Consensus Recommendation of “Moderate Buy” from Analysts

TIM S.A. Sponsored ADR (NYSE:TIMB) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $25.90.

A number of analysts have weighed in on TIMB shares. Bradesco Corretora cut shares of TIM to a “neutral” rating in a research note on Tuesday, April 28th. New Street Research upgraded TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Barclays raised their price objective on TIM from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Wednesday, April 15th. Weiss Ratings upgraded TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Finally, Scotiabank lowered their target price on TIM from $29.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday.

Institutional Investors Weigh In On TIM

Several hedge funds have recently added to or reduced their stakes in TIMB. Inspire Investing LLC grew its holdings in TIM by 10.1% during the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock worth $111,000 after acquiring an additional 386 shares during the last quarter. Ritholtz Wealth Management increased its position in TIM by 0.3% in the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock valued at $3,366,000 after acquiring an additional 441 shares during the period. Wells Fargo & Company MN raised its stake in shares of TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after acquiring an additional 494 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of TIM by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock valued at $51,000 after acquiring an additional 504 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its holdings in shares of TIM by 4.4% during the third quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company’s stock worth $329,000 after purchasing an additional 627 shares during the period.

TIM Stock Down 7.8%

TIMB stock opened at $24.99 on Thursday. The firm has a 50-day moving average price of $26.21 and a 200-day moving average price of $23.86. TIM has a 12 month low of $16.64 and a 12 month high of $28.22. The company has a current ratio of 0.89, a quick ratio of 0.86 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $12.10 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of 1.56 and a beta of 0.43.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. TIM had a return on equity of 17.96% and a net margin of 16.00%. As a group, equities research analysts anticipate that TIM will post 1.9 EPS for the current fiscal year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Thursday, May 7th. Stockholders of record on Monday, March 30th will be paid a $0.1552 dividend. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio is currently 68.75%.

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