|Bid||10.50 x 1100|
|Ask||0.00 x 1000|
|Day's range||12.53 - 12.85|
|52-week range||10.29 - 20.32|
|Beta (5Y monthly)||1.00|
|PE ratio (TTM)||9.36|
|Forward dividend & yield||0.31 (2.46%)|
|Ex-dividend date||21 Jan 2020|
|1y target est||17.21|
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. Meanwhile, they remain focused on expanding their fiber-to-the-home (FTTH) network, as well as fourth-generation (4G) mobile coverage, while a long-awaited auction for next-generation spectrum remains uncertain. "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.
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.
TIM Participacoes S.A. (TSU) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Shares in Telefonica Brasil SA and TIM Participações 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 . 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.