TIM (NYSE:TIMB) Stock Rating Lowered by Wall Street Zen

TIM (NYSE:TIMB) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Several other research firms have also commented on TIMB. HSBC lowered TIM to a “hold” rating in a report on Friday, June 13th. Scotiabank raised their price objective on TIM from $19.10 to $23.60 and gave the company a “sector outperform” rating in a report on Thursday, July 31st. Barclays raised their price objective on TIM from $17.50 to $20.00 and gave the company an “equal weight” rating in a report on Monday, July 7th. Hsbc Global Res lowered TIM from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. raised their price objective on TIM from $22.00 to $24.50 and gave the company an “overweight” rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.25.

TIM Stock Up 2.1%

TIM stock opened at $21.28 on Friday. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 0.82 and a beta of 0.69. TIM has a 52 week low of $11.32 and a 52 week high of $21.57. The business’s 50-day moving average price is $19.80 and its 200 day moving average price is $17.52. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.54.

TIM (NYSE:TIMB) last posted its earnings results on Wednesday, July 30th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.31 by $0.04. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $6.62 billion. TIM had a return on equity of 13.99% and a net margin of 13.91%. As a group, sell-side analysts anticipate that TIM will post 1.34 earnings per share for the current year.

Institutional Trading of TIM

A number of institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its position in TIM by 10.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock worth $70,029,000 after buying an additional 339,384 shares in the last quarter. Banco BTG Pactual S.A. lifted its position in TIM by 1,302.9% during the first quarter. Banco BTG Pactual S.A. now owns 260,933 shares of the company’s stock worth $4,084,000 after buying an additional 242,333 shares in the last quarter. Altman Advisors Inc. purchased a new position in TIM during the first quarter worth approximately $1,979,000. American Century Companies Inc. lifted its position in TIM by 26.4% during the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after buying an additional 93,179 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in TIM during the fourth quarter worth approximately $949,000.

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.