Barclays Cuts TIM (NYSE:TIMB) Price Target to $15.50

TIM (NYSE:TIMB) had its price target decreased by Barclays from $17.50 to $15.50 in a report released on Tuesday,Benzinga reports. Barclays currently has an equal weight rating on the stock.

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

TIM Trading Down 0.5 %

Shares of TIMB opened at $12.01 on Tuesday. The stock has a fifty day moving average price of $12.83 and a 200-day moving average price of $14.69. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. TIM has a 12 month low of $11.32 and a 12 month high of $19.14.

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

TIM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.1723 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.69 dividend on an annualized basis and a yield of 5.74%. This is a boost from TIM’s previous quarterly dividend of $0.09. TIM’s dividend payout ratio (DPR) is presently 54.76%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC lifted its stake in TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $25,000 after buying an additional 835 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TIM during the 3rd quarter worth $25,000. Inspire Advisors LLC purchased a new position in TIM in the third quarter valued at about $173,000. XTX Topco Ltd raised its holdings in TIM by 26.1% during the second quarter. XTX Topco Ltd now owns 13,264 shares of the company’s stock worth $190,000 after purchasing an additional 2,746 shares during the last quarter. Finally, Aprio Wealth Management LLC purchased a new stake in shares of TIM in the 4th quarter worth about $194,000.

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.