TIM (NYSE:TIMB) Sees Large Volume Increase on Analyst Upgrade

TIM S.A. Sponsored ADR (NYSE:TIMB) saw unusually-high trading volume on Tuesday after New Street Research upgraded the stock from a neutral rating to a buy rating. Approximately 535,303 shares traded hands during trading, an increase of 25% from the previous session’s volume of 427,302 shares.The stock last traded at $25.8540 and had previously closed at $26.01.

Several other analysts also recently commented on the stock. 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 report on Monday, March 2nd. Citigroup downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Weiss Ratings raised shares of TIM from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Bank of America started coverage on shares of TIM in a report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price objective on the stock. Finally, 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 report on Monday, March 30th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $24.65.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TIMB. Allianz Asset Management GmbH purchased a new stake in TIM during the third quarter worth $2,393,000. Capital Insight Partners LLC purchased a new stake in TIM during the third quarter worth $1,116,000. Archford Capital Strategies LLC purchased a new stake in TIM during the fourth quarter worth $676,000. JPMorgan Chase & Co. boosted its holdings in TIM by 9.4% during the third quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock worth $10,015,000 after buying an additional 38,649 shares in the last quarter. Finally, Caprock Group LLC purchased a new stake in TIM during the third quarter worth $866,000.

TIM Price Performance

The stock’s fifty day moving average is $25.70 and its 200-day moving average is $23.19. The stock has a market capitalization of $12.61 billion, a PE ratio of 16.27, a P/E/G ratio of 0.68 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.89 and a quick ratio of 0.86.

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

TIM Dividend Announcement

The company also recently declared a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be issued a dividend of $0.1552 per share. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio is 91.88%.

About TIM

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