Shares of TIM S.A. American Depositary Shares (Each representing 5) (NYSE:TIMB) traded at a new 52-week high today of $14.11. So far today approximately 112,000 shares have been exchanged, as compared to an average 30-day volume of 696,000 shares.
In the past 52 weeks, TIM S.A. American Depositary Shares (Each representing 5) share prices are bracketed by a low of $9.81 and a high of $14.11 and is now at $14.10, 44% above that low price.
TIM S.A. American Depositary Shares (Each representing 5) (NYSE:TIMB) is currently priced 6.4% above its average consensus analyst price target of $13.20.
TIM is one of the top three wireless carriers by subscribers in Brazil, with 52 million subscribers, equal to about 20% of the market. TIM also owns some fixed-line assets, including an extensive long-haul fiber network and local networks that reach about 6.7 million locations (a bit less than 10% of the country). The firm is investing to expand its fiber network to more customer locations, including through its minority ownership in an infrastructure partnership. TIM leases capacity on the venture’s network to serve retail customers. The company is 67%-owned by Telecom Italia.
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