TIM (NYSE:TIMB) Lowered to “Neutral” Rating by UBS Group

TIM (NYSE:TIMB) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Monday, MarketBeat.com reports.

Several other analysts have also issued reports on the company. Scotiabank dropped their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a report on Tuesday, November 5th. Barclays dropped their price objective on TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th.

TIM Price Performance

NYSE TIMB opened at $13.05 on Monday. The firm’s 50 day moving average is $14.58 and its 200-day moving average is $15.25. 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 company has a market capitalization of $6.32 billion, a PE ratio of 10.33, a price-to-earnings-growth ratio of 0.59 and a beta of 0.84. TIM has a 12-month low of $12.60 and a 12-month high of $19.14.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The business had revenue of $1.16 billion during the quarter. Equities research analysts anticipate that TIM will post 1.2 earnings per share for the current fiscal year.

Institutional Trading of TIM

A number of hedge funds have recently made changes to their positions in TIMB. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in TIM in the 3rd quarter valued at about $12,054,000. Crossmark Global Holdings Inc. acquired a new position in shares of TIM in the second quarter valued at approximately $8,818,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of TIM by 137.7% during 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 during the period. Itau Unibanco Holding S.A. lifted its holdings in TIM by 55.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock worth $18,485,000 after purchasing an additional 384,500 shares during the last quarter. Finally, Meritage Portfolio Management bought a new stake in TIM in the 3rd quarter valued at $3,683,000.

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.