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

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have been given a consensus recommendation of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $25.38.

A number of research firms have recently issued reports on TIMB. Zacks Research downgraded shares of TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Bradesco Corretora downgraded shares of TIM to a “neutral” rating in a research note on Tuesday, April 28th. Santander upgraded TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. The Goldman Sachs Group started coverage on TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 target price on the stock. Finally, Scotiabank lifted 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.

TIM Stock Performance

Shares of TIM stock opened at $17.36 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The stock’s fifty day moving average is $20.80 and its two-hundred day moving average is $23.56. TIM has a 52 week low of $17.14 and a 52 week high of $28.22. The company has a market capitalization of $8.41 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.15 and a beta of 0.40.

TIM (NYSE:TIMB) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share for the quarter. The company had revenue of $1.35 billion during the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. As a group, analysts expect that TIM will post 1.83 earnings per share for the current year.

TIM Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th were issued a $0.1618 dividend. The ex-dividend date of this dividend was Monday, June 29th. TIM’s payout ratio is currently 61.54%.

Insider Buying and Selling at TIM

In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of TIM 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 transaction, the chief financial officer owned 83,259 shares in the company, valued at $359,678.88. The trade was a 29.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Auana Mattar Lima sold 8,200 shares of the business’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 completion of the sale, the insider directly owned 36,686 shares of the company’s stock, valued at approximately $162,152.12. The trade was a 18.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure.

Institutional Investors Weigh In On TIM

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC boosted its position in TIM by 878.4% during the third quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock worth $8,280,000 after acquiring an additional 333,066 shares during the last quarter. Bank of America Corp DE raised its holdings in TIM by 199.8% in the 1st quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock valued at $6,658,000 after acquiring an additional 167,504 shares during the last quarter. Millennium Management LLC raised its holdings in TIM by 460.6% in the 4th quarter. Millennium Management LLC now owns 105,334 shares of the company’s stock valued at $2,049,000 after acquiring an additional 86,545 shares during the last quarter. Renaissance Technologies LLC lifted its stake in TIM by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company’s stock worth $35,951,000 after purchasing an additional 82,700 shares in the last quarter. Finally, Assetmark Inc. lifted its stake in 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 purchasing an additional 78,379 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