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

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

TIMB has been the subject of several other research reports. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. 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. Finally, Scotiabank dropped their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research report on Wednesday, February 12th.

TIM Trading Up 0.2 %

TIMB stock traded up $0.04 during trading on Monday, hitting $15.03. 27,531 shares of the company traded hands, compared to its average volume of 599,663. 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 $13.60 and a 200-day moving average of $14.25. The firm has a market capitalization of $7.27 billion, a PE ratio of 12.73, a P/E/G ratio of 0.67 and a beta of 0.84. TIM has a 1 year low of $11.32 and a 1 year high of $18.78.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.91% and a net margin of 12.24%. Analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TIMB. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in TIM during the third quarter valued at about $12,054,000. Itau Unibanco Holding S.A. increased its holdings in TIM by 64.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company’s stock worth $20,814,000 after acquiring an additional 696,454 shares in the last quarter. Schroder Investment Management Group bought a new stake in TIM during the 4th quarter worth approximately $5,666,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of TIM by 137.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock worth $12,187,000 after purchasing an additional 409,992 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of TIM by 19.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company’s stock valued at $20,211,000 after buying an additional 283,002 shares in 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.