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The latest update is out from TIM ( (TIMB) ).
On February 12, 2025, TIM S.A. announced the approval of a new Share Buyback Program, named Program 8, by its Board of Directors. This initiative aims to acquire up to 67.21 million common shares, which represents approximately 2.78% of the company’s total common shares, using up to R$1 billion from the company’s profit reserves. The primary goal is to increase shareholder value by optimizing capital allocation, with a portion supporting its Long-Term Incentive Plan. The new program follows the termination of the previous Program 7, under which no share buybacks were executed.
More about TIM
YTD Price Performance: 24.32%
Average Trading Volume: 544,844
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $6.65B
For a thorough assessment of TIMB stock, go to TipRanks’ Stock Analysis page.
