TIM (ADR) (TIMB)
Connects Brazil through mobile networks, fiber broadband and enterprise digital services.
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Provides mobile service across Brazil through nationwide spectrum and a fiber-backed network, with TIM Ultrafibra broadband and enterprise connectivity, cloud, digital-transformation and managed services extending the platform. The business remains mobile-led and depends on regulated spectrum, network execution and a Brazil-focused customer base.
Provides mobile connectivity across Brazil, supported by nationwide spectrum, a fiber-backed network and 5G coverage. Consumer offerings extend into TIM Ultrafibra broadband, while enterprise operations add connectivity, cloud, artificial-intelligence, digital-transformation and managed services.
Built nationwide reach by combining regional licenses, acquiring Intelig and AES Atimus fiber assets, and integrating its allocated portion of Oi Móvel's spectrum, customers and network-use contracts. The operating model remains mobile-led even as fixed broadband and B2B digital services broaden the platform.
Revenue generation depends on a Brazil-focused customer base, access to regulated spectrum and continued network execution. Anatel governs the telecommunications environment, and control sits with a TIM-group holding company linked to Telecom Italia.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 20, 2026 | Morgan Stanley | Reiterate | Rating: —Target: — | Target: $22 |
| Jul 10, 2026 | Barclays | Reiterate | Rating: —Target: $28 | Target: $24 |
| Jun 22, 2026 | Santander | Upgrade | ||
| May 27, 2026 | Scotiabank | Reiterate | Rating: —Target: $23.60 | Target: $28.50 |
| May 17, 2026 | Goldman Sachs | Target | Target: — | Target: $23.40 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $886.3M · Total debt $3.23B · Total assets $11.19B · Shareholders' equity $4.89B
- Revenue
- $1.36B
- Operating income
- $336.0M
- Net income
- $189.7M
Reported in BRL, converted at the latest exchange rate
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 4.38% | 20.94M ADS | |
|---|---|---|---|
| 171 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.04% | 202.6K ADS | |
| 12 holders · as of Jun 24, 2026 | |||
| Other | ≈ 95.58% | 456.59M ADS | |
| remainder | |||
477.73M ADS (1 ADS = 5 ordinary shares) as of Sep 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2021 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Robeco Institutional Asset Management B.V.Institution | 0.80% | 3.82M ADS | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 0.36% | 1.73M ADS | as of Jun 30, 2026 |
AllianceBernstein L.P.Institution | 0.34% | 1.62M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 0.23% | 1.10M ADS | as of Jun 30, 2026 |
Macquarie Management Holdings, Inc.Institution | 0.22% | 1.04M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 23, 2026 | Marques Andrea Palma Viegas | officer: Chief Financial Officer | −35,000 | $4.32 |
| May 18, 2026 | Auana Mattar Lima | officer: Chief Information Officer | −8,200 | $4.42 |
| Mar 26, 2026 | Vicente De Moraes Ferreira | officer: Investor Relations Officer | −68 | $5.14 |
| Mar 24, 2026 | Vicente De Moraes Ferreira | officer: Investor Relations Officer | −22,300 | $5.17 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TIM (ADR) | $18.88 | −0.29% | $9.04B | 10.7 | 12.2 | 1.7 | +12.0% |
| Telefônica Brasil (ADR) | $11.90 | −1.04% | $19.24B | 14.9 | 13.5 | 1.6 | +14.2% |
| América Móvil (ADR) | $22.00 | −2.00% | $67.37B | 12.9 | 14.1 | 1.2 | +10.5% |
| Median | 13.9 | 13.8 | 1.4 | +12.3% |