TIM SA (TIMB)

• Market cap: $7.03B
• 1 day: 0.35%
• 5 days: 1.75%
• 1 month: -3.84%
• 3 months: 15.32%
• 6 months: -12.15%
• Year to date: 22.72%
• 1 year: -21.88%
• 5 years: -0.41%
• 10 years: -20.47%
• Sector: Communication Services
• Industry: Telephone Communications, Except Radiotelephone

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. In total, TIM claims it can offer fixed broadband service to about 16 million locations.

Employees: 9,127

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 27

2% more funds holding

Funds holding: 126 [Q3] → 128 (+2) [Q4]

5% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 41

0.05% more ownership

Funds ownership: 0.91% [Q3] → 0.96% (+0.05%) [Q4]

22% less capital invested

Capital invested by funds: $355M [Q3] → $278M (-$77M) [Q4]

Research analyst outlook

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

• Low target: $14 4% downside
• Avg. target: $15.87 9% upside
• High target: $17.60 21% upside

3 analyst ratings

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

Barclays Mathieu Robilliard 60% 1-year accuracy 3 / 5 met price target	10% upside $16	Equal-Weight Maintained	18 Feb 2025
Scotiabank Andres Coello 53% 1-year accuracy 9 / 17 met price target	21% upside $17.60	Sector Outperform Maintained	12 Feb 2025
Goldman Sachs Vitor Tomita 30% 1-year accuracy 3 / 10 met price target	4% downside $14	Neutral Maintained	19 Dec 2024