TIM (NYSE:TIMB) Hits New 1-Year High – What’s Next?

TIM S.A. Sponsored ADR (NYSE:TIMB) shares reached a new 52-week high on Friday . The company traded as high as $28.08 and last traded at $27.9110, with a volume of 77878 shares traded. The stock had previously closed at $27.58.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TIMB. New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Scotiabank upped their price objective on shares of TIM from $23.60 to $29.50 and gave the company a “sector perform” rating in a research note on Monday, March 30th. Citigroup lowered shares of TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Barclays upped their price objective on shares of TIM from $23.50 to $26.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Finally, Weiss Ratings raised shares of TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $24.65.

TIM Stock Performance

The firm has a market capitalization of $13.53 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 0.72 and a beta of 0.48. The company’s 50 day moving average is $25.92 and its 200-day moving average is $23.30. The company has a quick ratio of 0.86, a current ratio of 0.89 and a debt-to-equity ratio of 0.58.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, February 10th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.84%. As a group, equities analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Announces Dividend

The business also recently announced a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be paid a dividend of $0.1552 per share. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio is currently 83.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management raised its holdings in TIM by 0.3% during the third quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock worth $3,366,000 after buying an additional 441 shares during the last quarter. Wells Fargo & Company MN raised its holdings in TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 494 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in TIM by 23.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock worth $51,000 after buying an additional 504 shares during the last quarter. Kathmere Capital Management LLC raised its holdings in TIM by 4.4% during the third quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company’s stock worth $329,000 after buying an additional 627 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in TIM by 5.2% during the fourth quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock worth $283,000 after buying an additional 714 shares during the last quarter.

TIM Company Profile

TIM SA, a telecommunications company, provides mobile voice, data, and broadband services in Brazil. The company offers in mobile, landline, long-distance, and data transmission services. It also offers fixed ultra-broadband, fixed ultraband broadband, and digital content services. The company serves individuals and corporates, as well as small, medium, and large companies. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA