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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $21.50.

Several brokerages recently issued reports on TIMB. JPMorgan Chase & Co. raised their target price on shares of TIM from $22.00 to $24.50 and gave the stock an “overweight” rating in a report on Friday, August 8th. Zacks Research upgraded shares of TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Scotiabank raised their target price on shares of TIM from $19.10 to $23.60 and gave the stock a “sector outperform” rating in a report on Thursday, July 31st. Wall Street Zen upgraded shares of TIM from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 20th. Finally, Barclays raised their target price on shares of TIM from $20.00 to $21.00 and gave the stock an “equal weight” rating in a report on Monday, October 6th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TIMB. EverSource Wealth Advisors LLC raised its position in TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after acquiring an additional 1,345 shares during the period. Hantz Financial Services Inc. raised its position in TIM by 303.1% in the second quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock worth $42,000 after acquiring an additional 1,552 shares during the period. Raymond James Financial Inc. bought a new position in TIM in the second quarter worth approximately $42,000. GAMMA Investing LLC raised its position in TIM by 119.3% in the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock worth $47,000 after acquiring an additional 1,647 shares during the period. Finally, Brooklyn Investment Group bought a new position in TIM in the first quarter worth approximately $50,000.

TIM Stock Up 2.3%

Shares of NYSE:TIMB opened at $21.88 on Friday. TIM has a 52-week low of $11.32 and a 52-week high of $22.47. The firm has a fifty day moving average of $21.21 and a 200 day moving average of $18.92. The firm has a market capitalization of $10.59 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 0.82 and a beta of 0.65. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 0.91.

TIM (NYSE:TIMB) last announced its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.04. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $6.62 billion. TIM had a net margin of 13.91% and a return on equity of 13.99%. As a group, research analysts anticipate that TIM will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, January 28th. Investors of record on Friday, October 3rd will be issued a $0.1888 dividend. The ex-dividend date is Friday, October 3rd. TIM’s dividend payout ratio (DPR) is currently 72.09%.

TIM Company Profile

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.