The Goldman Sachs Group Has Lowered Expectations for TIM (NYSE:TIMB) Stock Price

TIM (NYSE:TIMB - Free Report) had its target price lowered by The Goldman Sachs Group from $16.20 to $14.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the stock. UBS Group cut shares of TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Scotiabank decreased their price target on TIM from $24.80 to $23.20 and set a "sector outperform" rating on the stock in a report on Tuesday, November 5th. Finally, Barclays dropped their price objective on shares of TIM from $18.00 to $17.50 and set an "equal weight" rating for the company in a research note on Tuesday, November 12th.

TIM Price Performance

TIMB traded up $0.22 on Thursday, hitting $12.04. 547,440 shares of the company's stock traded hands, compared to its average volume of 480,445. TIM has a one year low of $11.76 and a one year high of $19.14. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 9.56, a P/E/G ratio of 0.57 and a beta of 0.84. The company's 50 day simple moving average is $14.05 and its 200-day simple moving average is $15.10.

TIM (NYSE:TIMB - Get Free Report) last issued 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 firm had revenue of $1.16 billion during the quarter. As a group, research analysts anticipate that TIM will post 1.2 EPS for the current year.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Monday, December 30th will be issued a $0.1723 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.72%. This is an increase from TIM's previous quarterly dividend of $0.09. The ex-dividend date is Monday, December 30th. TIM's dividend payout ratio is presently 26.19%.

Hedge Funds Weigh In On TIM

Large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of TIM during the third quarter valued at $25,000. EverSource Wealth Advisors LLC lifted its holdings in TIM by 108.3% during the 2nd 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 in the last quarter. CWM LLC grew its stake in TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company's stock worth $35,000 after acquiring an additional 1,270 shares in the last quarter. Inspire Advisors LLC purchased a new position in shares of TIM during the third quarter worth approximately $173,000. Finally, Jane Street Group LLC bought a new stake in shares of TIM during the third quarter valued at approximately $215,000.

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.