TIM S.A. American Depositary Shares (Each representing 5) (NYSE:TIMB) traded today at a new 52-week high of $14.29. Approximately 270,000 shares have changed hands today, as compared to an average 30-day volume of 370,000 shares.
TIM SA is one of the top three wireless carriers by subscribers in Brazil, with 54 million subscribers, equal to about a quarter of the market. It leads the prepaid segment, with 33 million customers.
Over the past year, TIM S.A. American Depositary Shares (Each representing 5) has traded in a range of $9.92 to $14.29 and is now at $14.21, 43% above that low.
There is potential upside of 106.5% for shares of TIM S.A. American Depositary Shares (Each representing 5) based on a current price of $14.21 and an average consensus analyst price target of $29.36.
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