TIM (NYSE:TIMB) Given New $16.50 Price Target at Barclays

TIM (NYSE:TIMB) had its price target raised by investment analysts at Barclays from $16.00 to $16.50 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 9.82% from the company’s current price.

Several other brokerages have also recently commented on TIMB. UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group lowered their price target on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Finally, Scotiabank decreased their target price 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.

TIM Stock Performance

Shares of NYSE TIMB traded up $0.04 during midday trading on Monday, hitting $15.03. 27,531 shares of the company’s stock were exchanged, compared to its average volume of 599,663. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $7.27 billion, a PE ratio of 12.73, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. TIM has a 12 month low of $11.32 and a 12 month high of $18.78. The company’s 50 day moving average price is $13.60 and its 200 day moving average price is $14.25.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate 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, analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TIM

Several large investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. purchased a new position in TIM during the 4th quarter valued at about $200,000. Voloridge Investment Management LLC purchased a new stake in shares of TIM in the fourth quarter worth $949,000. Two Sigma Advisers LP boosted its stake in TIM by 5.2% during the fourth quarter. Two Sigma Advisers LP now owns 58,700 shares of the company’s stock valued at $690,000 after buying an additional 2,900 shares during the period. Point72 Hong Kong Ltd bought a new position in TIM in the 4th quarter worth about $54,000. Finally, Quantinno Capital Management LP boosted its position in shares of TIM by 10.3% during the 4th quarter. Quantinno Capital Management LP now owns 19,388 shares of the company’s stock valued at $228,000 after acquiring an additional 1,810 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.