TIM SA ADR

TIMB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$68.00	Fffbl	Ndtwwkgc

TIM Earnings: Growth Decelerated Slightly as Movil and Vivo Continue to Gain Share

Michael Hodel

May 7, 2024

TIM posted modestly disappointing first-quarter results, but we don’t see any reason to change our outlook for the year or our $21 fair value estimate.

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