Barclays Increases TIM (NYSE:TIMB) Price Target to $16.50

TIM (NYSE:TIMB) had its price target increased by analysts at Barclays from $16.00 to $16.50 in a report issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 9.53% from the company’s previous close.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group dropped their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Scotiabank dropped their price objective on TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday, February 12th.

TIM Stock Down 0.6 %

Shares of NYSE TIMB opened at $15.07 on Monday. The stock has a market cap of $7.29 billion, a P/E ratio of 12.77, a PEG ratio of 0.67 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. TIM has a 12-month low of $11.32 and a 12-month high of $18.78. The business’s fifty day simple moving average is $13.73 and its 200-day simple moving average is $14.23.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. As a group, equities analysts predict that TIM will post 1.34 EPS for the current fiscal year.

Hedge Funds Weigh In On TIM

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of TIM in the 3rd quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its holdings in shares of TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after purchasing an additional 2,211 shares during the period. R Squared Ltd purchased a new position in TIM in the 4th quarter valued at $53,000. Point72 Hong Kong Ltd acquired a new position in TIM in the 4th quarter valued at $54,000. Finally, EntryPoint Capital LLC purchased a new position in TIM during the 4th quarter worth $146,000.

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.