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TIM S.A. (TIMB)
After hours:
- Reuters
TIM 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.
- Zacks
What 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.
- Zacks
TIM S.A. Sponsored ADR (TIMB) Upgraded to Buy: Here's Why
TIM S.A. Sponsored ADR (TIMB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
