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

TIM S.A. Sponsored ADR (NYSE:TIMB) has earned an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $26.10.

Several analysts recently weighed in on the company. Barclays lifted their price objective on TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup downgraded TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Weiss Ratings downgraded TIM from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Bradesco Corretora downgraded TIM to a “neutral” rating in a report on Tuesday, April 28th. Finally, Scotiabank decreased their price objective on TIM from $29.50 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th.

TIM Stock Performance

TIMB stock opened at $22.41 on Thursday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.89. The business has a 50-day moving average price of $25.81 and a 200 day moving average price of $23.90. The company has a market capitalization of $10.85 billion, a P/E ratio of 13.66, a PEG ratio of 1.19 and a beta of 0.43. TIM has a 1-year low of $16.64 and a 1-year high of $28.22.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, May 5th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts forecast that TIM will post 1.82 EPS for the current fiscal year.

TIM Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, May 7th. Shareholders of record on Monday, March 30th were issued a $0.1552 dividend. The ex-dividend date was Monday, March 30th. TIM’s payout ratio is currently 67.07%.

Hedge Funds Weigh In On TIM

Large investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH bought a new position in TIM in the third quarter worth about $2,393,000. Archford Capital Strategies LLC bought a new position in TIM in the fourth quarter worth about $676,000. Sanctuary Advisors LLC bought a new position in TIM in the fourth quarter worth about $836,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in TIM by 102.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock worth $753,000 after purchasing an additional 19,552 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in TIM by 9.4% in the third quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock worth $10,015,000 after purchasing an additional 38,649 shares in 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