11 Best Communication and Media Stocks to Buy According to Analysts

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7. TIM S.A. (NYSE:TIMB)

Average Price Target Upside Potential According to Analysts: 36.61%

Number of Hedge Fund Holders: 16

TIM S.A. (NYSE:TIMB), also known as TIM Brasil, is a Brazilian telecommunications company that provides mobile and fixed telephony services, including voice calls, text messages, and internet access. It has more than 60 million mobile customers and about 180,000 kilometers of fiber optics across Brazil. TIM S.A. (NYSE:TIMB) is a leader in 4G coverage in the country and has a presence in 100% of the municipalities, including rural areas. It is also the pioneer of 5G technology in Brazil. TIMB ranks among the best communication stocks to buy according to analysts.

The company is strategically focused on improving its operational strategies and market position by expanding its 5G network and enhancing customer experiences. In the third quarter of 2024, TIM S.A. (NYSE:TIMB) significantly expanded its postpaid customer base by adding 709,000 new lines. This was driven by improved customer management and attractive postpaid offers that boosted customer loyalty and satisfaction.

Additionally, TIM S.A. (NYSE:TIMB) continues to expand 5G coverage across Brazil. By the end of September 2024, the company’s 5G services were available in 495 cities. TIM S.A.’s (NYSE:TIMB) strategic plan for 2024-2026 is aimed at growing the company’s service revenue at a compound annual growth rate (CAGR) of 4-6%.

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