TIM (NYSE:TIMB) Price Target Cut to $18.00

TIM (NYSE:TIMB) had its target price cut by equities research analysts at Barclays from $19.00 to $18.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 16.58% from the company’s previous close.

TIM Stock Performance

Shares of TIMB stock traded up $0.14 during trading hours on Friday, hitting $15.44. The company had a trading volume of 147,450 shares, compared to its average volume of 460,552. The company’s fifty day moving average is $14.93 and its 200 day moving average is $16.76. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.78 and a current ratio of 0.81. TIM has a fifty-two week low of $13.84 and a fifty-two week high of $19.14.

TIM (NYSE:TIMB) last issued its earnings results on Monday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $1.23 billion during the quarter. TIM had a net margin of 12.12% and a return on equity of 10.94%. Equities research analysts anticipate that TIM will post 1.18 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TIMB. CWM LLC lifted its position in TIM by 105.7% during the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock worth $35,000 after acquiring an additional 1,270 shares in the last quarter. SageView Advisory Group LLC bought a new stake in shares of TIM in the 1st quarter worth approximately $54,000. Headlands Technologies LLC acquired a new position in shares of TIM during the first quarter valued at approximately $59,000. Blue Trust Inc. raised its position in TIM by 102.7% in the fourth quarter. Blue Trust Inc. now owns 3,972 shares of the company’s stock worth $73,000 after acquiring an additional 2,012 shares in the last quarter. Finally, Signaturefd LLC grew its position in TIM by 39.7% in the fourth quarter. Signaturefd LLC now owns 5,472 shares of the company’s stock worth $101,000 after buying an additional 1,556 shares during 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.