TIM (NYSE:TIMB) Price Target Raised to $16.00 at Barclays

TIM (NYSE:TIMB - Get Free Report) had its target price hoisted by equities research analysts at Barclays from $15.50 to $16.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective indicates a potential upside of 7.27% from the company's previous close.

A number of other research firms have also commented on TIMB. Scotiabank dropped their price objective on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research note on Wednesday, February 12th. The Goldman Sachs Group dropped their price objective 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 cut shares of TIM from a "buy" rating to a "neutral" rating in a report on Monday, December 9th.

TIM Stock Performance

TIMB traded down $0.09 on Tuesday, reaching $14.92. The company had a trading volume of 498,771 shares, compared to its average volume of 663,708. TIM has a 1 year low of $11.32 and a 1 year high of $19.14. The stock has a market capitalization of $7.22 billion, a PE ratio of 12.64, a P/E/G ratio of 0.67 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $12.88 and a 200-day moving average price of $14.47.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. As a group, research analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. State Street Corp increased its holdings in TIM by 16.7% in the third quarter. State Street Corp now owns 583,724 shares of the company's stock valued at $10,207,000 after buying an additional 83,468 shares in the last quarter. Stifel Financial Corp increased its holdings in TIM by 1.0% in the third 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. Sumitomo Mitsui Trust Group Inc. increased its holdings in TIM by 13.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock valued at $1,555,000 after buying an additional 16,000 shares in the last quarter. Jane Street Group LLC purchased a new position in TIM in the third quarter valued at about $215,000. Finally, Public Employees Retirement System of Ohio purchased a new position in TIM in the third quarter valued at about $1,089,000.

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.