TIM SA (TIMB)

• Market cap: $5.74B
• 1 day: 0.34%
• 5 days: -2.47%
• 1 month: -13.38%
• 3 months: -31.42%
• 6 months: -18.39%
• Year to date: -34.49%
• 1 year: -36.26%
• 5 years: -37.83%
• 10 years: -46.43%

About: TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 62 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to 10%-15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand. TIM also resells fiber network access from other providers, including Oi's former infrastructure business V.tal, which passes about 22 million customer locations.

Employees: 9,275

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

203% more call options, than puts

Call options by funds: $100K | Put options by funds: $33K

38% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 16

15% more capital invested

Capital invested by funds: $306M [Q2] → $351M (+$45.7M) [Q3]

5% more funds holding

Funds holding: 120 [Q2] → 126 (+6) [Q3]

0.02% more ownership

Funds ownership: 0.89% [Q2] → 0.91% (+0.02%) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 44

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $14 18% upside
• Avg. target: $18.23 54% upside
• High target: $23 96% upside

3 analyst ratings

• positive: 1 33%
• neutral: 2 67%
• negative: 0 0%

Goldman Sachs Vitor Tomita 0% 1-year accuracy 0 / 7 met price target	18% upside $14	Neutral Maintained	19 Dec 2024
Barclays Mathieu Robilliard 67% 1-year accuracy 2 / 3 met price target	48% upside $17.50	Equal-Weight Maintained	12 Nov 2024
Scotiabank Andres Coello 31% 1-year accuracy 4 / 13 met price target	96% upside $23	Sector Outperform Maintained	5 Nov 2024