TIM S.A. Sponsored ADR (NYSE:TIMB) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $23.25.

TIMB has been the subject of a number of recent research reports. Zacks Research upgraded shares of TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Hsbc Global Res raised TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Bank of America assumed coverage on TIM in a research note on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price target for the company. Barclays upped their price objective on TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a research note on Friday, November 7th. Finally, Wall Street Zen raised shares of TIM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 20th.

Institutional Investors Weigh In On TIM

Hedge funds have recently bought and sold shares of the company. Ritholtz Wealth Management grew its holdings in TIM by 0.3% during the third quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock worth $3,366,000 after purchasing an additional 441 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of TIM by 7.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,658 shares of the company’s stock valued at $174,000 after buying an additional 623 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in shares of TIM by 4.4% during the 3rd quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company’s stock worth $329,000 after acquiring an additional 627 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of TIM by 19.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company’s stock worth $80,000 after acquiring an additional 641 shares during the period. Finally, Royal Bank of Canada increased its holdings in shares of TIM by 1.3% during the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after acquiring an additional 789 shares during the last quarter.

TIM Price Performance

NYSE TIMB opened at $20.44 on Friday. The firm’s 50 day moving average is $21.73 and its 200-day moving average is $20.98. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $9.89 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.63 and a beta of 0.50. TIM has a 12-month low of $11.32 and a 12-month high of $23.88.

TIM (NYSE:TIMB) last announced its earnings results on Monday, November 3rd. The company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. TIM had a net margin of 15.35% and a return on equity of 15.72%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Equities research analysts anticipate that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th were paid a dividend of $0.6784 per share. The ex-dividend date was Monday, December 29th. TIM’s payout ratio is currently 96.58%.

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