TIM (NYSE:TIMB) Downgraded by TheStreet

TheStreet lowered shares of TIM (NYSE:TIMBGet Rating) from a b rating to a c+ rating in a research note published on Tuesday morning, TheStreetRatingsTable reports.

Separately, Citigroup started coverage on shares of TIM in a research report on Monday, April 18th. They set a buy rating for the company.

NYSE TIMB opened at $11.99 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.53 and a debt-to-equity ratio of 0.47. TIM has a 1-year low of $9.81 and a 1-year high of $15.61. The company has a 50 day moving average of $13.59 and a 200-day moving average of $12.96. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 1.05 and a beta of 0.73.

TIM (NYSE:TIMBGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.14. TIM had a net margin of 16.66% and a return on equity of 9.35%. The company had revenue of $904.79 million during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts forecast that TIM will post 0.71 earnings per share for the current year.

The business also recently announced a Variable dividend, which will be paid on Wednesday, July 27th. Shareholders of record on Monday, June 27th will be paid a dividend of $0.0822 per share. The ex-dividend date is Friday, June 24th. This represents a dividend yield of 2.77%. TIM’s payout ratio is presently 29.17%.

Several institutional investors have recently modified their holdings of TIMB. Bank of America Corp DE grew its stake in shares of TIM by 50.7% in the first quarter. Bank of America Corp DE now owns 4,050,800 shares of the company’s stock worth $58,738,000 after purchasing an additional 1,362,421 shares during the last quarter. Covalis Capital LLP bought a new stake in shares of TIM in the fourth quarter worth $7,924,000. Itau Unibanco Holding S.A. lifted its holdings in TIM by 75.0% in the fourth quarter. Itau Unibanco Holding S.A. now owns 807,953 shares of the company’s stock valued at $9,369,000 after buying an additional 346,292 shares during the period. Banco BTG Pactual S.A. lifted its holdings in TIM by 178.8% in the first quarter. Banco BTG Pactual S.A. now owns 247,094 shares of the company’s stock valued at $3,583,000 after buying an additional 158,454 shares during the period. Finally, BlackRock Inc. lifted its holdings in TIM by 41.3% in the first quarter. BlackRock Inc. now owns 476,740 shares of the company’s stock valued at $6,913,000 after buying an additional 139,387 shares during the period. 5.02% of the stock is currently owned by institutional investors.

TIM Company Profile (Get Rating)

TIM SA operates as a telecommunications company in Brazil. The company provides mobile voice and data services, broadband internet access, value-added services, and other telecommunications services and products. It also offers fixed-line ultra-broadband and TIM Live services, as well as WTTx technology through Ultrafibra services and IoT solutions.

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