Brokerages Set TIM S.A. Sponsored ADR (NYSE:TIMB) Target Price at $17.33

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) have earned an average recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.33.

A number of research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of TIM from a “strong-buy” rating to a “buy” rating in a research note on Sunday. HSBC downgraded shares of TIM to a “hold” rating in a research note on Friday, June 13th. The Goldman Sachs Group raised their price objective on shares of TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Hsbc Global Res cut shares of TIM from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 12th. Finally, Barclays set a $17.50 price objective on shares of TIM in a report on Wednesday, May 7th.

TIM Trading Up 0.7%

NYSE TIMB opened at $19.25 on Monday. TIM has a one year low of $11.32 and a one year high of $19.39. The firm has a 50 day simple moving average of $16.99 and a 200-day simple moving average of $14.79. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.88. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 0.87 and a beta of 0.60.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. TIM had a net margin of 13.30% and a return on equity of 13.17%. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. Equities research analysts anticipate that TIM will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.1086 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 7.6%. TIM’s payout ratio is currently 68.00%.

Hedge Funds Weigh In On TIM

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its holdings in shares of TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after acquiring an additional 2,211 shares during the period. GAMMA Investing LLC increased its holdings in shares of TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock valued at $47,000 after acquiring an additional 1,647 shares during the period. Brooklyn Investment Group acquired a new position in shares of TIM in the 1st quarter valued at $50,000. Farther Finance Advisors LLC increased its holdings in shares of TIM by 30,036.4% in the 1st quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company’s stock valued at $53,000 after acquiring an additional 3,304 shares during the period. Finally, SVB Wealth LLC acquired a new position in shares of TIM in the 1st quarter valued at $64,000.

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.