TIM (NYSE:TIMB) Price Target Lowered to $17.50 at Barclays

TIM (NYSE:TIMB) had its price target dropped by stock analysts at Barclays from $18.00 to $17.50 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 23.07% from the stock’s previous close.

Separately, Scotiabank cut their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 5th.

TIM Stock Down 0.9 %

TIMB traded down $0.13 on Tuesday, hitting $14.22. The company had a trading volume of 46,983 shares, compared to its average volume of 475,436. TIM has a 52-week low of $13.74 and a 52-week high of $19.14. The firm has a market capitalization of $6.88 billion, a P/E ratio of 11.29, a P/E/G ratio of 0.59 and a beta of 0.89. The stock has a fifty day simple moving average of $15.80 and a 200-day simple moving average of $15.70. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.85.

TIM (NYSE:TIMB) last announced its earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The business had revenue of $1.16 billion for the quarter. As a group, equities analysts expect that TIM will post 1.27 EPS for the current fiscal year.

Hedge Funds Weigh In On TIM

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP increased its holdings in shares of TIM by 22.8% in the 1st quarter. Quantbot Technologies LP now owns 23,585 shares of the company’s stock worth $419,000 after purchasing an additional 4,378 shares in the last quarter. Headlands Technologies LLC purchased a new position in TIM in the 1st quarter worth about $59,000. QRG Capital Management Inc. bought a new position in TIM during the 1st quarter valued at about $196,000. US Bancorp DE boosted its holdings in shares of TIM by 814.4% during the 1st quarter. US Bancorp DE now owns 22,943 shares of the company’s stock valued at $407,000 after acquiring an additional 20,434 shares during the last quarter. Finally, SageView Advisory Group LLC bought a new stake in shares of TIM in the first quarter worth approximately $54,000.

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.