Analysts Set TIM S.A. Sponsored ADR (NYSE:TIMB) Price Target at $25.23

TIM S.A. Sponsored ADR (NYSE:TIMB) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $25.2333.

Several equities research analysts have issued reports on TIMB shares. The Goldman Sachs Group assumed coverage on shares of TIM in a research report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price objective for the company. Barclays reduced their target price on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Weiss Ratings lowered TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Scotiabank boosted their price target on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Finally, New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th.

TIM Stock Down 2.0%

NYSE:TIMB opened at $20.87 on Tuesday. The company has a market cap of $10.11 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 1.10 and a beta of 0.38. TIM has a twelve month low of $17.65 and a twelve month high of $28.22. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The stock has a fifty day simple moving average of $21.83 and a 200-day simple moving average of $23.87.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Wednesday, June 17th. The company reported $0.08 EPS for the quarter. TIM had a net margin of 16.00% and a return on equity of 17.77%. Analysts anticipate that TIM will post 1.8 EPS for the current year.

TIM Dividend Announcement

The company also recently declared a special dividend, which will be paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th will be given a dividend of $0.1618 per share. The ex-dividend date of this dividend is Monday, June 29th. TIM’s dividend payout ratio is presently 68.90%.

Insider Buying and Selling at TIM

In other news, insider Auana Mattar Lima sold 8,200 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $4.42, for a total transaction of $36,244.00. Following the transaction, the insider owned 36,686 shares in the company, valued at approximately $162,152.12. This trade represents a 18.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of TIM stock in a transaction dated Tuesday, June 23rd. The shares were 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 of the company’s stock, valued at $359,678.88. The trade was a 29.60% decrease in their ownership of the stock. 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 boosted its stake in shares of TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after purchasing an additional 494 shares in the last quarter. Eastern Bank purchased a new position in TIM during the second quarter valued at approximately $34,000. Kestra Advisory Services LLC bought a new position in TIM in the fourth quarter worth approximately $39,000. EverSource Wealth Advisors LLC raised its stake in 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 buying an additional 1,345 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in TIM during the second quarter worth $42,000.

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