TIM SA (TIMB)

• Market cap: $10.3B
• 1 day: 1.62%
• 5 days: 0.85%
• 1 month: 3.8%
• 3 months: 12.53%
• 6 months: 46.96%
• Year to date: 79.73%
• 1 year: 30.87%
• 5 years: 55.33%
• 10 years: 84.56%
• Sector: Communication Services
• Industry: Telecom Services

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.

Employees: 9,127

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

38% more repeat investments, than reductions

Existing positions increased: 47 | Existing positions reduced: 34

29% more first-time investments, than exits

New positions opened: 22 | Existing positions closed: 17

13% more capital invested

Capital invested by funds: $336M [Q1] → $378M (+$42M) [Q2]

2.99% more ownership

Funds ownership: 0.89% [Q1] → 3.87% (+2.99%) [Q2]

1% more funds holding

Funds holding: 118 [Q1] → 119 (+1) [Q2]

Research analyst outlook

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

• Low target: $20
• Avg. target: $23
• High target: $25

3 analyst ratings

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

JP Morgan	$25	Overweight Maintained	8 Aug 2025
Scotiabank Andres Coello	$24	Sector Outperform Maintained	31 Jul 2025
Barclays Mathieu Robilliard	$20	Equal-Weight Maintained	7 Jul 2025