TIM (NYSE:TIMB) Price Target Raised to $16.50

TIM (NYSE:TIMB) had its price target lifted by Barclays from $16.00 to $16.50 in a research note published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

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

TIM Trading Up 0.4 %

Shares of NYSE TIMB opened at $15.14 on Monday. The firm’s 50 day moving average price is $13.79 and its 200-day moving average price is $14.24. TIM has a 52-week low of $11.32 and a 52-week high of $18.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The company has a market cap of $7.33 billion, a PE ratio of 12.83, a P/E/G ratio of 0.67 and a beta of 0.84.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 earnings per share (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%. On average, equities research analysts expect that TIM will post 1.34 EPS for the current fiscal year.

TIM Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Friday, February 21st will be given a dividend of $0.0717 per share. The ex-dividend date is Friday, February 21st. This represents a $0.29 annualized dividend and a yield of 1.89%. TIM’s dividend payout ratio (DPR) is 51.69%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in TIMB. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TIM in the 3rd quarter worth $12,054,000. Itau Unibanco Holding S.A. increased its position in TIM by 64.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company’s stock worth $20,814,000 after buying an additional 696,454 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of TIM in the fourth quarter worth about $5,666,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of TIM by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock valued at $12,187,000 after buying an additional 409,992 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of TIM by 19.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company’s stock valued at $20,211,000 after acquiring an additional 283,002 shares during the period.

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.