TIM (NYSE:TIMB) Rating Increased to Sector Outperform at Scotiabank

TIM (NYSE:TIMB) was upgraded by investment analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Friday, FinViz reports.

Separately, Barclays decreased their price objective on TIM from $19.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Friday, August 2nd.

TIM Trading Down 1.0 %

TIMB stock opened at $17.00 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.88 and a quick ratio of 0.85. The company’s fifty day moving average price is $15.86 and its 200-day moving average price is $16.31. TIM has a one year low of $13.84 and a one year high of $19.14.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, July 30th. The company reported $0.31 EPS for the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%. The company had revenue of $1.21 billion for the quarter. Research analysts forecast that TIM will post 1.24 EPS for the current year.

Hedge Funds Weigh In On TIM

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. purchased a new position in TIM during the fourth quarter valued at approximately $191,000. UBS Group AG raised its position in shares of TIM by 19.3% in the 4th quarter. UBS Group AG now owns 453,388 shares of the company’s stock worth $8,374,000 after acquiring an additional 73,388 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of TIM during the 4th quarter worth $344,000. Assetmark Inc. boosted its position in TIM by 5.0% during the fourth quarter. Assetmark Inc. now owns 191,741 shares of the company’s stock valued at $3,541,000 after purchasing an additional 9,206 shares in the last quarter. Finally, Barometer Capital Management Inc. bought a new stake in TIM during the fourth quarter valued at about $118,000.

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.