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

TIM (NYSE:TIMB) had its price target reduced by equities researchers at Barclays from $17.50 to $15.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 35.02% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group cut their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Scotiabank reduced 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. Finally, UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

TIM Stock Up 0.5 %

NYSE:TIMB opened at $11.48 on Tuesday. The company’s 50-day simple moving average is $12.93 and its 200-day simple moving average is $14.72. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. TIM has a fifty-two week low of $11.32 and a fifty-two week high of $19.14. The stock has a market capitalization of $5.56 billion, a P/E ratio of 9.11, a P/E/G ratio of 0.57 and a beta of 0.83.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in shares of TIM by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after buying an additional 822 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in TIM by 108.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after acquiring an additional 835 shares during the period. QRG Capital Management Inc. lifted its holdings in TIM by 7.9% during the third quarter. QRG Capital Management Inc. now owns 14,881 shares of the company’s stock valued at $256,000 after purchasing an additional 1,085 shares in the last quarter. DGS Capital Management LLC grew its position in shares of TIM by 4.4% in the third quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock valued at $563,000 after purchasing an additional 1,367 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of TIM during the third quarter worth about $25,000.

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.