Noble Securities: valuation of TIM shares at PLN 14.10

Noble Securities has prepared the first recommendation on TIM SA at the request of the Warsaw Stock Exchange as part of the Exchange’s Analytical Coverage Support Program. With the rate of PLN 9.80 the company’s shares have been valued at PLN 14.10.

The report drawn up by the analyst Michał Sztabler reads, among others, that “After a period of restructuring, the company has entered a phase of growth and improvement of the results at every level. The adopted low-cost business model has increased the competitive advantage of TIM’s offer and active management of the sales allows to improve profitability”.