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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $25.90.

A number of equities research analysts recently commented on the company. Zacks Research downgraded TIM from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Wall Street Zen downgraded TIM from a “strong-buy” rating to a “buy” rating in a report on Monday, May 25th. New Street Research upgraded TIM from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. The Goldman Sachs Group assumed coverage on TIM in a report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price objective for the company. Finally, Bradesco Corretora downgraded TIM to a “neutral” rating in a report on Tuesday, April 28th.

Insider Transactions at TIM

In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer owned 83,259 shares in the company, valued at approximately $359,678.88. This represents a 29.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the insider owned 36,686 shares of the company’s stock, valued at $162,152.12. This represents a 18.27% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On TIM

Large investors have recently modified their holdings of the business. Wells Fargo & Company MN increased its holdings in shares of TIM by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after acquiring an additional 494 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of TIM in the fourth quarter worth about $39,000. EverSource Wealth Advisors LLC increased its holdings in shares of TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after acquiring an additional 1,345 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of TIM in the second quarter worth about $42,000. Finally, Atlas Capital Advisors Inc. bought a new stake in shares of TIM in the fourth quarter worth about $56,000.

TIM Trading Down 0.9%

TIMB stock opened at $21.39 on Friday. The company has a market cap of $10.35 billion, a P/E ratio of 13.04, a PEG ratio of 1.12 and a beta of 0.37. TIM has a twelve month low of $17.65 and a twelve month high of $28.22. The company has a quick ratio of 0.89, a current ratio of 0.92 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $22.91 and a 200-day moving average of $23.67.

TIM (NYSE:TIMB) last released its earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.32 billion. TIM had a return on equity of 17.77% and a net margin of 16.00%. As a group, equities research analysts expect that TIM will post 1.8 EPS for the current year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, July 29th. Investors of record on Monday, June 29th will be issued a $0.1618 dividend. The ex-dividend date is Monday, June 29th. TIM’s dividend payout ratio is currently 68.90%.

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