Stock Rating Upgrade
The Value Trend Rating for TIM S.A. (NYSE: TIMB) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/23/24, TIM S.A. (NYSE: TIMB) stock enjoyed a large increase of 2.7%, closing at $16.59. However, this advance was accompanied by unusually low trading volume at 59% of normal. Relative to the market the stock has been weak over the last nine months but has risen 1.2% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, TIMB is expected to continue to be an important Value Builder.
TIM S.A. has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. TIM S.A. has a good Appreciation Score of 74 but a very low Power Rating of 12, resulting in the Low Neutral Value Trend Rating.
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