TIM approves 13.20 million share cancellation: TIM stock sits 36.82 percent below its high

Published on 10/05/2026 at 01:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net income topped BRL 1 billion, up 6.00 percent year over year. Analysts set USD 24.82 as the average target for TIM stock.

TIMB, US88706T1088, Illustration mit AI erstellt.

TIM (US88706T1088) approved the cancellation of 13.20 million treasury shares on September 17, 2026, while TIM stock stood 36.82 percent below its USD 28.22 52-week high on October 2, 2026. StockTitan reported that the board approved the cancellation without reducing the company's capital stock.

Share count gets a reset

The cancellation concerns shares acquired under Buyback Program 8, which was approved on February 12, 2025. The move changes the treasury-share balance but does not alter TIM's stated capital, giving the corporate action a more technical character than a new repurchase program.

For investors, the operating figures provide the more substantial business signal. According to ScanX on September 17, 2026, second-quarter net income exceeded BRL 1 billion, an increase of 6.00 percent from the same quarter of 2025. Service revenue rose 6.00 percent in the first half of 2026, while EBITDA after lease increased 8.00 percent over the same period.

Analyst target stays above the stock

MarketBeat reported on October 4, 2026, that 13 brokerages had an average Hold rating and a USD 24.82 one-year target. The average target is USD 7.00 above the October 2 last price of USD 17.83, a 39.26 percent premium calculated in the same currency. Barclays had lowered its target from USD 28.00 to USD 24.00, while Morgan Stanley carried a USD 22.00 target in the cited coverage.

TIMB remains below its yearly high

TIMB was last at USD 17.83 on the NYSE on October 2, 2026 at 4:00 p.m. EDT. Its 52-week range was USD 17.14 to USD 28.22, and its market capitalization was USD 8.5 billion as of that date. The listing, ISIN and Brazil telecommunications classification are identified by Stock Analysis.