Wall Street Zen Downgrades TIM (NYSE:TIMB) to Hold

TIM (NYSE:TIMB) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

TIMB has been the topic of several other research reports. The Goldman Sachs Group began coverage on shares of TIM in a research note on Monday, May 18th. They set a “neutral” rating and a $23.40 price target on the stock. Scotiabank upped their price objective on shares of TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Zacks Research cut shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Barclays lowered their target price on TIM from $28.00 to $24.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Finally, Santander raised TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, TIM presently has a consensus rating of “Hold” and a consensus target price of $25.38.

TIM Stock Up 0.1%

Shares of NYSE:TIMB opened at $18.45 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. TIM has a 52-week low of $18.23 and a 52-week high of $28.22. The company has a 50 day moving average of $21.20 and a two-hundred day moving average of $23.74. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40.

TIM (NYSE:TIMB) last posted its earnings results on Wednesday, June 17th. The company reported $0.42 EPS for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. As a group, analysts forecast that TIM will post 1.83 earnings per share for the current fiscal year.

Insider Transactions at TIM

In other news, insider Auana Mattar Lima sold 8,200 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the sale, the insider owned 36,686 shares in the company, valued at approximately $162,152.12. This represents a 18.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $4.32, for a total transaction of $151,200.00. Following the transaction, the chief financial officer directly owned 83,259 shares in the company, valued at $359,678.88. The trade was a 29.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Trading of TIM

Institutional investors and hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of TIM in the 4th quarter worth about $836,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of TIM by 102.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock valued at $753,000 after buying an additional 19,552 shares during the period. Hsbc Holdings PLC grew its position in shares of TIM by 55.5% during the 1st quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock valued at $3,578,000 after buying an additional 48,232 shares during the last quarter. UBS Group AG grew its position in shares of TIM by 12.4% during the 4th quarter. UBS Group AG now owns 537,416 shares of the company’s stock valued at $10,453,000 after buying an additional 59,136 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of TIM by 7.3% during the 4th quarter. Assetmark Inc. now owns 412,099 shares of the company’s stock valued at $8,015,000 after buying an additional 28,065 shares during the last quarter.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA