Tim S.A. (NYSE:TIMB) Receives Consensus Rating of “Hold” from Brokerages

Tim S.A. (NYSE:TIMB) has been given an average rating of “Hold” by the five analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $17.33.

TIMB has been the topic of several analyst reports. Barclays set a $17.50 price objective on shares of TIM in a research note on Wednesday, May 7th. The Goldman Sachs Group lifted their target price on TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. HSBC cut TIM to a “hold” rating in a research note on Friday. Finally, Wall Street Zen lowered TIM from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

TIM Price Performance

TIMB stock traded up $0.53 during midday trading on Monday, reaching $19.12. The company had a trading volume of 171,839 shares, compared to its average volume of 509,234. TIM has a 1-year low of $11.32 and a 1-year high of $19.19. The stock has a 50 day moving average price of $16.75 and a 200-day moving average price of $14.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market capitalization of $9.26 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.67 and a beta of 0.60.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.03. TIM had a net margin of 12.24% and a return on equity of 11.91%. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion. Equities research analysts expect that TIM will post 1.34 earnings per share for the current year.

TIM Announces Dividend

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, May 23rd will be given a $0.1086 dividend. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM’s dividend payout ratio (DPR) is presently 68.00%.

Institutional Investors Weigh In On TIM

Several large investors have recently added to or reduced their stakes in TIMB. Goldman Sachs Group Inc. boosted its holdings in shares of TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after buying an additional 47,130 shares in the last quarter. Amundi acquired a new stake in TIM in the first quarter worth $87,000. Aprio Wealth Management LLC increased its stake in TIM by 85.4% in the first quarter. Aprio Wealth Management LLC now owns 30,658 shares of the company’s stock valued at $480,000 after purchasing an additional 14,119 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after purchasing an additional 789 shares during the period. Finally, Vident Advisory LLC boosted its position in shares of TIM by 47.8% during the 1st quarter. Vident Advisory LLC now owns 43,994 shares of the company’s stock worth $689,000 after purchasing an additional 14,224 shares in 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.