TIM SATIMB
About: TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 63 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 a bit less than 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 Q2 SEC filings by fund managers ($100M+ AUM)
1,104% more call options, than puts
Call options by funds: $313K | Put options by funds: $26K
50% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 14
16% more repeat investments, than reductions
Existing positions increased: 44 | Existing positions reduced: 38
6% more funds holding
Funds holding: 112 [Q1] → 119 (+7) [Q2]
0.05% more ownership
Funds ownership: 0.79% [Q1] → 0.84% (+0.05%) [Q2]
15% less capital invested
Capital invested by funds: $339M [Q1] → $288M (-$50.8M) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Scotiabank Andres Coello 57% 1-year accuracy 4 / 7 met price target | 65%upside $25 | Sector Outperform Upgraded | 20 Sept 2024 |
Barclays Mathieu Robilliard 75% 1-year accuracy 3 / 4 met price target | 20%upside $18 | Equal-Weight Maintained | 2 Aug 2024 |
