TIM (NYSE:TIMB) Given New $15.50 Price Target at Barclays

TIM (NYSE:TIMB) had its price target reduced by Barclays from $17.50 to $15.50 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts have also issued reports on the stock. Scotiabank reduced their price objective on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group reduced their price target on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. Finally, UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

TIM Stock Up 1.2 %

Shares of NYSE TIMB opened at $11.63 on Tuesday. The company has a market capitalization of $5.63 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company has a 50 day simple moving average of $12.88 and a 200-day simple moving average of $14.70. TIM has a 1 year low of $11.32 and a 1 year high of $19.14.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The business had revenue of $1.16 billion for the quarter. On average, equities research analysts predict that TIM will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be issued a dividend of $0.1723 per share. This represents a $0.69 dividend on an annualized basis and a yield of 5.92%. This is a boost from TIM’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 30th. TIM’s dividend payout ratio (DPR) is 53.97%.

Institutional Trading of TIM

A number of institutional investors and hedge funds have recently bought and sold shares of TIMB. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TIM in the third quarter valued at approximately $12,054,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in TIM by 137.7% in 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 during the period. Itau Unibanco Holding S.A. boosted its position in TIM by 55.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock valued at $18,485,000 after buying an additional 384,500 shares during the period. Meritage Portfolio Management acquired a new position in shares of TIM in the third quarter worth $3,683,000. Finally, Renaissance Technologies LLC increased its position in shares of TIM by 11.7% during the second quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock worth $19,533,000 after acquiring an additional 142,862 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.