The Goldman Sachs Group Lowers TIM (NYSE:TIMB) Price Target to $14.00

TIM (NYSE:TIMB) had its target price dropped by equities researchers at The Goldman Sachs Group from $16.20 to $14.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 15.32% from the company’s current price.

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

TIM Stock Up 2.7 %

NYSE TIMB traded up $0.32 during trading on Thursday, reaching $12.14. 181,739 shares of the company’s stock traded hands, compared to its average volume of 478,888. 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’s 50 day simple moving average is $14.05 and its two-hundred day simple moving average is $15.10. TIM has a 12-month low of $11.76 and a 12-month high of $19.14. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 9.63, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The firm had revenue of $1.16 billion during the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. As a group, sell-side analysts forecast that TIM will post 1.2 EPS for the current fiscal year.

Hedge Funds Weigh In On TIM

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Stifel Financial Corp increased its stake in shares of TIM by 1.0% in 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 during the period. EverSource Wealth Advisors LLC grew its position in TIM by 108.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after purchasing an additional 835 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of TIM by 7.9% in the 3rd quarter. QRG Capital Management Inc. now owns 14,881 shares of the company’s stock valued at $256,000 after buying an additional 1,085 shares during the period. CWM LLC boosted its stake in shares of TIM by 105.7% in the second quarter. CWM LLC now owns 2,471 shares of the company’s stock worth $35,000 after buying an additional 1,270 shares during the last quarter. Finally, DGS Capital Management LLC grew its holdings in TIM by 4.4% during the third quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock worth $563,000 after acquiring an additional 1,367 shares during the period.

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.