TIM S.A. (TIMB)
Pre-Market:
| Previous Close | 16.86 |
| Open | 16.70 |
| Bid | 16.00 x 1300 |
| Ask | 26.97 x 1200 |
| Day's Range | 16.67 - 16.96 |
| 52 Week Range | 13.17 - 19.14 |
| Volume | |
| Avg. Volume | 455,751 |
| Market Cap | 8.161B |
| Beta (5Y Monthly) | 0.46 |
| PE Ratio (TTM) | 14.79 |
| EPS (TTM) | 1.14 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.07 (6.35%) |
| Ex-Dividend Date | Apr 10, 2024 |
| 1y Target Est | 20.14 |
ReutersTIM investor Merlyn proposes plan to cut debt, have $7 billion in cash
Telecom Italia (TIM) would be left with 6.6 billion euros ($7 billion) in cash after repaying all of its debts, if it sold its Brazilian unit and its domestic consumer business, activist investor Merlyn Partners calculated. In a document outlining its vision for TIM, Merlyn - which holds 0.5% of the group - drew up six scenarios ahead of an April 23 shareholder vote to name new top executives at TIM. Four of the six scenarios are built around the proposed sale of TIM's domestic access network to KKR, an up to 22 billion euro deal promoted by TIM CEO Pietro Labriola, who is seeking reappointment this month.
ZacksWhat Makes TIM (TIMB) a New Buy Stock
TIM (TIMB) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
ReutersMacquarie raises hurdles to CDP joining KKR bid for Telecom Italia grid
MILAN (Reuters) -Australian fund Macquarie is raising legal hurdles over a plan backed by Italy's Treasury for state lender CDP to join forces with U.S. fund KKR to buy Telecom Italia's (TIM) landline grid, three sources said. TIM directors have set a final deadline of June 9 for potential improved offers by the U.S. private equity firm and a rival consortium comprising CDP and Macquarie, worth 21 billion euros and 19.3 billion euros respectively. TIM has deemed both not yet adequate.
