Price Crosses Moving Average
|Bid||0.00 x 1000|
|Ask||0.00 x 800|
|Day's Range||13.62 - 13.96|
|52 Week Range||10.29 - 20.32|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||9.96|
|Forward Dividend & Yield||0.31 (2.24%)|
|Ex-Dividend Date||Jan 21, 2020|
|1y Target Est||17.52|
A Huawei Technologies executive warned that Brazil could suffer years of delay in deploying a 5G telecoms network and higher costs if it succumbs to mounting U.S. pressure to snub the Chinese equipment supplier. U.S. Ambassador Todd Chapman has even suggested Washington is willing to fund the purchase of gear from other suppliers for Brazil. Brazil's far-right President Jair Bolsonaro said last month that 5G deployment would have to meet national sovereignty, information and data security requirements.
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
The U.S. government is prepared to help finance in telecom companies in Brazil and other countries to acquire fifth-generation technology that is not provided by "untrusted" Chinese companies, its top diplomat in Brazil said on Tuesday. Ambassador Todd Chapman said Ericsson, Nokia Oyj and Samsung were companies that have successfully provided "appropriate" 5G technology that adequately protects information, data flows and intellectual property. The funding would come from the U.S. International Development Finance Corporation (DFC), a government agency that provides financing for private development projects, he said.
Brazilian telecoms firm TIM Participacoes SA said on Friday its board has approved an agreement of conduct adjustment with local regulator Anatel. Under the terms of the deal, the local subsidiary of Telecom Italia SpA committed to spend 639 million-real ($119.49 million) to improve the quality of its services and customers' experience, TIM said in a securities filing. "The new infrastructure will be deployed within three years, with over 80% of it delivered in the first two years," TIM said.
The United States is in talks with Brazil and its local telecommunications companies on funding the acquisition of fifth-generation gear produced by Ericsson and Nokia, U.S. ambassador for Brazil Todd Chapman told Brazilian newspaper Folha de S.Paulo. In an interview published on Thursday night, Chapman said this type of funding is a matter of "national security" to Washington and aims to "protect data and intellectual property, as well as sensitive information of nations".
Brazilian telecoms firms Telefonica Brasil SA and TIM Participacoes SA are moving ahead with a potential joint bid for rival Oi SA's mobile unit despite the challenges of the COVID-19 outbreak, executives said Wednesday. "We're confident that our strategy is the right one," Telefonica Brasil Chief Executive Christian Gebara told investors on a call, noting it is still early to assess the full extent of the global pandemic. "The level of uncertainty is much higher, but we're not willing to cut costs or capital expenditure that will help us grow and compete in the long term," TIM Chief Executive Pietro Labriola said on a separate call.
RIO DE JANEIRO, Brazil, April 30, 2020 -- TIM Participações S.A. (“Company”) (B3:TIMP3) (NYSE:TSU) hereby informs its shareholders and the market in general that it has filed.
Brazilian telecoms regulator Anatel said on Thursday it was closely monitoring to decide whether to postpone the country's fifth-generation mobile network (5G) spectrum auction due to the coronavirus outbreak while insisting that it remained premature to discuss a delay. "So far, it is still possible to carry out the bidding process at the end of 2020," Anatel said in a statement, noting it is monitoring "how the current scenario evolves" to decide whether the auction should be put off until the first two months of 2021. The regulator has approved spectrum availability and other bidding rules, which are under a public review expected to be concluded by April 17.
Brazilian telecommunications firms have urged the government to postpone a spectrum auction for fifth-generation (5G) mobile network this year, citing the impact of the COVID-19 pandemic on Latin America's largest economy. "In a moment of crisis as such it is difficult to think in a long-term investment," said Marcos Ferreira, head of industry group SindiTelebrasil in Tuesday evening interview, adding that 5G technology will require heavy investments. SindiTelebrasil represents Brazil's main carriers Telefonica Brasil SA, TIM Participacoes SA, America Movil's Claro and Oi SA, among others.
Brazil's largest wireless carrier Telefonica Brasil SA will provide cellphone data to help authorities slow the spread of coronavirus in Sao Paulo state, the epicenter of the disease's outbreak in Latin America's largest country. As part of the cooperation agreement announced on Wednesday, the company operating under the brand Vivo will provide the Sao Paulo government with data on people's movement and concentration of groups to check whether its quarantine rules are being followed, as well as anticipate potential contagion trends. "We've been investing heavily in big data and artificial intelligence in the past five years and when the coronavirus pandemic started we built applications to help fighting it," Vivo's Chief Data Officer, Luiz Medici, told Reuters in a phone interview.
Brazilian wireless carrier TIM Participacoes SA said on Thursday it is partnering with online lender C6Bank to develop combined offers for their customers. "The agreement also provides for the possibility of exploring sales and payment channels synergies, expanding the distribution of offers and optimizing costs," the local subsidiary of Telecom Italia SpA said in a statement. In December, Chief Executive Pietro Labriola told journalists that TIM aimed at launching financial services to pre-paid customers in 2020.
Brazilian wireless carrier TIM Participacoes SA said on Monday it has partnered with Rio de Janeiro's city hall for data analysis that will allow authorities to track displacement and concentration of people in areas affected by the coronavirus outbreak. In a statement, the local subsidiary of Telecom Italia SpA added it will use its antennas spread across Rio de Janeiro to provide real-time data on people's displacement throughout the city. This should allow authorities to identify mobility trends across neighborhoods and ultimately assess whether the population is respecting social isolation measures taken to contain the disease.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Shares in Telefonica Brasil SA <VIVT4.SA> and TIM Participações SA <TIMP3.SA> rose in the morning trading as both companies said they are planning a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA <OIBR3.SA>. The move comes months after the struggling carrier, which filed for bankruptcy protection in June 2016, told market participants early in December it had hired financial advisors to put a value on its mobile unit. Preferred shares in Oi rose as much as 18% on Wednesday morning, while TIM stocks surged up to 8.3% and Telefonica Brasil climbed 4.4% before trimming earlier gains.
Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA, the two companies said on Tuesday in securities filings. The companies informed Oi's financial advisor Bank of America Merrill Lynch of their interest in starting negotiations for a potential acquisition of all or part of Oi's mobile division.
* Real under pressure from weak retail sales data * Bovepsa lifted by batch of earnings updates * IMF set to begin debt talks with Argentina (Updates prices) By Sruthi Shankar Feb 12 (Reuters) - The Brazilian real slid to a fresh record low on Wednesday after data showed the country's retail sales dropped unexpectedly in December, while broader Latin American markets gained on hopes the coronavirus outbreak in China has peaked. The Brazilian currency has been pressured by slow overseas demand for Brazilian assets with interest rates at a record low. Data showed Brazilian retail sales fell 0.1% in December, the first decline in eight months and another sign that consumer spending in Latin America's No. 1 economy will not power growth.
* Real under pressure from weak retail sales data * Bovepsa lifted by another batch of earnings updates * IMF set to begin debt talks with Argentina By Sruthi Shankar Feb 12 (Reuters) - The Brazilian real was about flat on Wednesday after sliding in early trade to a record low on Wednesday after data showed retail sales dropped unexpectedly in December, and broader Latin American markets gained on hopes that the coronavirus outbreak in China has peaked. Official figures showed retail sales fell 0.1% in December, the first decline in eight months and another sign that consumer spending in Latin America's No. 1 economy will not power growth. "The release extends the slew of disappointing data undermining the growth narrative in Brazil and BRL longs," Citigroup's Dirk Willer wrote in a client note.
Does TIM Participacoes SA (NYSE:TSU) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend […]
Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said on Thursday. "Frequencies are an important asset for any carrier, not only for TIM", Labriola told journalists at a company event in Sao Paulo, adding that for this reason he has to look into the deal. Based on spectrum concentration, TIM may be allowed to get the largest stake in Oi's mobile division, he said.
** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.
2019 has been a fantabulous year for stock investors, with the S&P 500 returning 24% year to date. But here's the bad news: all good things must come to an end, and the clock's ticking down to the end of 2019.But here's the good news, too: 2020 might also be not too shabby a year for stocks. At least, not according to the stock pickers at investment bank Goldman Sachs.In a market forecast report released last week, Goldman Sachs suggested that with growth trends stabilizing, there's every chance 2020 will be a "decent" year for "risky" assets such as stocks. Albeit, Goldman prefers to buy "quality" equities when possible, because earnings growth on average could be "subdued" this coming year.So where do you find such stocks high on quality -- but ideally, stocks just "risky" enough that their valuations might still be depressed, leaving potential for upside in 2020? Utilizing the Stock Screener at TipRanks, we've sought out stocks rated highly by none other than Goldman Sachs itself, and have come up with three such. Let's get to know them, beginning with...ProSight Global (PROS)We begin our search today in Morristown, New Jersey, where over the last 10 years, ProSight Global has built itself a business as a specialty insurer offering commercial auto, general liability, workers' comp, and other lines of insurance.Despite the company being around for a decade, ProSight may not be a name familiar to most investors, inasmuch as it only IPO'ed back in July of 2019. But with a trailing price-to-earnings ratio of less than 3, this might be a stock you'll want to get to know.Last week, Goldman Sachs analyst Yaron Kinar upgraded ProSight Global from "neutral" to "buy," assigning the shares a $22 price target that implies about 25% upside in the shares. (To watch Kinar's track record, click here)Why does Kinar share a bright view of ProSight? The analyst explains: "Specialty insurers tend to have higher expense ratios than standard carriers," a fact that may be acting to depress ProSight's stock price. But ProSight's expense ratio is improving while its "loss ratio remains stable," and premiums are growing, too -- all trends that could help the stock price to grow in the new year."While not cheap in absolute terms, PROS shares’ 1.5x price to book multiple is below the ROE regression-implied valuation and peers , with PROS shares down by 11% since our initiation in August. We believe that this provides a more compelling risk-adjusted return and more attractive entry point," Kinar concluded.Other analysts are even more optimistic. Indeed, the average price target on Wall Street is $23.50 -- implying nearly 34% upside! And over the last three months, no one on the Street has assigned ProSight shares anything less than a "buy" rating. In addition to Kinar's upgrade last week, ProSight won an endorsement from 5-star-rated (on TipRanks) analyst Mark Hughes of SunTrust Robinson just last month. (See ProSight stock analysis on TipRanks)Magellan Midstream Partners (MMP)Moving on to what is perhaps a more familiar name (or not), midstream (that means transportation, storage, and distribution) oil and gas company Magellan Midstream Partners is no stranger to income investors. Its 7% dividend yield easily trumps the 2% average dividend of other S&P 500 stocks, while its very reasonable 12.8 P/E ratio is barely half the 23 P/E of the S&P as a whole.It's no surprise, then, that Goldman Sachs likes the stock. Last week, Goldman analyst Michael Lapides slapped a "buy" rating on the shares, initiating Magellan with a $69 target price that implied 22% upside -- versus 16% profit potential for the rest of the oil and gas industry as a whole. (To watch Lapides' track record, click here)Hewing to Goldman's expressed preference for higher quality stocks in 2020, Lapides highlighted Magellan's "lower risk profile relative to most midstream stocks." Among other things, he likes the company's "exposure to refined products pipelines and terminals," which generated "roughly 60%" of the company's earnings before interest, taxes, depreciation, and amortization, as well as the company's "stronger balance sheet," about 33% less leveraged than other midstream players.Despite these advantages, Lapides notes, Magellan stock "trades now slightly below its historical trend" both "on an absolute" basis, and also relative to its peers, suggesting there's room for upside as that valuation gap closes -- and the rest of Wall Street agrees.Over the past month alone, "buy" ratings have outnumbered "sells" four-to-one on Magellan, and the average target price on Wall Street is just a smidge short of Goldman's targeted $69 price -- $68.83 on average, across all analysts surveyed by TipRanks. Assuming they're right about that, investors in Magellan today stand to rake in better than a 17% profit over the next year -- and a 7% dividend yield besides. (See Magellan Midstream stock analysis on TipRanks)TIM Participacoes (TSU)And now for something completely different... as we dive way south of the border to investigate Brazilian telecommunications giant (and Goldman pick) TIM Participacoes.Despite carrying an $8 billion market capitalization, TIM is actually a very reasonably priced telco stock, costing less than 12 times earnings at last report. By way of comparison, a share of Verizon will set you back more than 15 times earnings, while AT&T stock is fetching closer to 17x earnings.Goldman Sachs analyst Diego M. Aragao reiterated his buy rating on TIM in the wake of a Q3 earnings report, noting "TSU reported good numbers, beating our estimates from top to bottom."As Aragao explained, though, TIM's earnings were somewhat depressed by a one-time "monetary correction on tax credit and labor, tax and civil contingencies of R$66mn." Meanwhile, revenues did resume rising, with average revenue per user of TIM's mobile services up a healthy 6% -- and fixed line revenues were up 7%.Forecasting an even "brighter outlook ... for the Brazilian sector" in 2020, Aragao likes TIM's valuation of just 3.5 times estimated 2020 EBITDA, and sees the stock rising potentially 24% to his target price of $20 a share. (To watch Aragao's track record, click here)The only other analyst to rate the stock in the last six months -- Mathieu Robilliard of Barclays -- is nearly as optimistic, rating TIM a "buy" with a $19 target price. So overall, the analysts, on average, think the stock could go even higher, perhaps as high as $21 -- 30% upside from today's prices. (See TIM Participacoes stock analysis on TipRanks)