Barclays Forecasts Strong Price Appreciation for TIM (NYSE:TIMB) Stock

TIM (NYSE:TIMB) had its target price lifted by stock analysts at Barclays from $15.50 to $16.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 5.23% from the stock’s previous close.

TIMB has been the topic of a number of other reports. Scotiabank lowered their price target on TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 12th. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group reduced their price target on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th.

TIM Price Performance

NYSE:TIMB opened at $15.21 on Tuesday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The company has a 50-day moving average of $12.71 and a 200-day moving average of $14.47. TIM has a 52 week low of $11.32 and a 52 week high of $19.14. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 0.60 and a beta of 0.84.

TIM (NYSE:TIMB) last announced its quarterly earnings results 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 return on equity of 11.73% and a net margin of 12.71%. As a group, equities research analysts anticipate that TIM will post 1.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TIM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of TIM during the third quarter valued at approximately $25,000. Global Retirement Partners LLC lifted its holdings in TIM by 1,005.0% during the 4th 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 in the last quarter. R Squared Ltd bought a new position in TIM in the 4th quarter valued at $53,000. Point72 Hong Kong Ltd acquired a new stake in shares of TIM in the 4th quarter valued at $54,000. Finally, EntryPoint Capital LLC bought a new stake in shares of TIM during the fourth quarter worth $146,000.

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.