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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $24.8167.

Several research firms recently weighed in on TIMB. Santander raised shares of TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. The Goldman Sachs Group started coverage on shares of TIM in a report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price target for the company. Weiss Ratings upgraded shares of TIM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Morgan Stanley reissued a “market perform” rating and set a $22.00 price objective on shares of TIM in a report on Thursday, August 20th. Finally, Wall Street Zen downgraded shares of TIM from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th.

Insider Activity at TIM

In other news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $4.32, for a total value of $151,200.00. Following the completion of the transaction, the chief financial officer directly owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. The trade was a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On TIM

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in TIM by 4.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock valued at $35,951,000 after purchasing an additional 82,700 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of TIM by 4.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after buying an additional 47,130 shares during the last quarter. State Street Corp boosted its holdings in shares of TIM by 5.3% in the 4th quarter. State Street Corp now owns 657,839 shares of the company’s stock valued at $13,464,000 after buying an additional 33,364 shares in the last quarter. UBS Group AG grew its position in shares of TIM by 12.4% in the 4th quarter. UBS Group AG now owns 537,416 shares of the company’s stock worth $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 19.0% in the 1st quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock worth $12,993,000 after buying an additional 78,379 shares during the last quarter.

TIM Stock Performance

TIM stock opened at $18.72 on Wednesday. TIM has a fifty-two week low of $17.14 and a fifty-two week high of $28.22. The company has a market capitalization of $9.06 billion, a PE ratio of 11.08, a P/E/G ratio of 1.23 and a beta of 0.38. The company has a 50 day moving average price of $19.61 and a 200-day moving average price of $22.74. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85.

TIM (NYSE:TIMB) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 EPS for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%.The company had revenue of $1.35 billion for the quarter. As a group, equities analysts forecast that TIM will post 1.82 earnings per share for the current year.

TIM Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were issued a $0.1618 dividend. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio (DPR) is currently 60.95%.

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