Brokerages Set TIM S.A. Sponsored ADR (NYSE:TIMB) Price Target at $25.90

TIM S.A. Sponsored ADR (NYSE:TIMB) has earned a consensus recommendation of “Hold” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $25.90.

Several research firms have weighed in on TIMB. Zacks Research lowered TIM from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Scotiabank lifted their price target on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research note on Wednesday, May 27th. Barclays lifted their price target on TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings downgraded TIM from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th.

TIM Stock Performance

NYSE:TIMB opened at $21.53 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $10.42 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 1.12 and a beta of 0.37. The firm has a 50 day moving average of $24.64 and a 200-day moving average of $23.79. TIM has a 1 year low of $17.63 and a 1 year high of $28.22.

TIM (NYSE:TIMB) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. TIM had a net margin of 16.00% and a return on equity of 17.77%. As a group, sell-side analysts anticipate that TIM will post 1.8 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, March 30th were given a dividend of $0.1552 per share. The ex-dividend date was Monday, March 30th. TIM’s dividend payout ratio (DPR) is 61.59%.

Insider Buying and Selling at TIM

In other news, insider Auana Mattar Lima sold 8,200 shares of TIM stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the completion of the sale, the insider directly owned 36,686 shares in the company, valued at approximately $162,152.12. The trade was a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Investors Weigh In On TIM

A number of hedge funds and other institutional investors have recently made changes to their positions in TIMB. Citadel Advisors LLC raised its position in TIM by 878.4% during the third quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock valued at $8,280,000 after purchasing an additional 333,066 shares in the last quarter. Bank of America Corp DE grew its stake in shares of TIM by 199.8% during the first quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock worth $6,658,000 after buying an additional 167,504 shares during the last quarter. Allianz Asset Management GmbH bought a new stake in shares of TIM during the third quarter worth $2,393,000. Millennium Management LLC grew its stake in shares of TIM by 460.6% during the fourth quarter. Millennium Management LLC now owns 105,334 shares of the company’s stock worth $2,049,000 after buying an additional 86,545 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of TIM by 4.7% during the fourth quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock worth $35,951,000 after buying an additional 82,700 shares during the last quarter.

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