Barclays Issues Positive Forecast for TIM (NYSE:TIMB) Stock Price

TIM (NYSE:TIMB - Get Free Report) had its price objective boosted by research analysts at Barclays from $16.00 to $16.50 in a report released on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price indicates a potential upside of 9.16% from the company's current price.

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

TIM Price Performance

Shares of TIMB traded up $0.15 during trading hours on Monday, hitting $15.12. 325,582 shares of the company were exchanged, compared to its average volume of 490,352. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market capitalization of $7.32 billion, a PE ratio of 12.81, a PEG ratio of 0.67 and a beta of 0.84. The firm has a fifty day simple moving average of $13.85 and a 200-day simple moving average of $14.25. TIM has a one year low of $11.32 and a one year high of $18.78.

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TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share 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, sell-side analysts predict that TIM will post 1.34 earnings per share for the current year.

Institutional Investors Weigh In On TIM

A number of institutional investors have recently modified their holdings of the stock. Stifel Financial Corp raised its holdings in shares of TIM by 1.0% during the third quarter. Stifel Financial Corp now owns 85,050 shares of the company's stock worth $1,465,000 after acquiring an additional 822 shares in the last quarter. DGS Capital Management LLC raised its stake in shares of TIM by 4.4% during the 3rd quarter. DGS Capital Management LLC now owns 32,682 shares of the company's stock worth $563,000 after purchasing an additional 1,367 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of TIM during the 3rd quarter valued at about $25,000. Quantinno Capital Management LP grew its stake in shares of TIM by 10.3% in the 4th quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock valued at $228,000 after buying an additional 1,810 shares in the last quarter. Finally, Global Retirement Partners LLC increased its holdings in TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after buying an additional 2,211 shares during the last quarter.

About TIM

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.