TIM (NYSE:TIMB) Trading 1.8% Higher – Should You Buy?

TIM S.A. Sponsored ADR (NYSE:TIMB) traded up 1.8% during mid-day trading on Friday . The stock traded as high as $23.45 and last traded at $23.2870. 224,921 shares were traded during trading, a decline of 51% from the average session volume of 454,539 shares. The stock had previously closed at $22.88.

Wall Street Analyst Weigh In

Several research analysts recently commented on TIMB shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th. Barclays raised their price objective on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a research note on Friday, November 7th. Bank of America assumed coverage on TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 target price on the stock. Jefferies Financial Group lowered TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Scotiabank restated a “sector perform” rating and issued a $23.60 price target on shares of TIM in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, TIM has an average rating of “Hold” and an average target price of $23.25.

TIM Trading Up 1.8%

The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. The stock has a 50-day simple moving average of $21.44 and a two-hundred day simple moving average of $21.12. The firm has a market capitalization of $11.27 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 0.71 and a beta of 0.50.

TIM (NYSE:TIMB) last posted its earnings results on Monday, November 3rd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. TIM had a return on equity of 15.72% and a net margin of 15.35%.The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.21 billion. On average, equities research analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th were paid a dividend of $0.6784 per share. The ex-dividend date of this dividend was Monday, December 29th. TIM’s dividend payout ratio (DPR) is presently 96.58%.

Hedge Funds Weigh In On TIM

Several large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in TIM by 1.3% in the first quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after buying an additional 789 shares in the last quarter. Amundi acquired a new stake in shares of TIM during the 1st quarter valued at about $87,000. Goldman Sachs Group Inc. increased its stake in shares of TIM by 4.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after purchasing an additional 47,130 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in TIM by 19.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company’s stock worth $80,000 after purchasing an additional 641 shares during the period. Finally, Ballentine Partners LLC acquired a new position in TIM in the 2nd quarter worth about $387,000.

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