TIM (NYSE:TIMB) Reaches New 12-Month High – Here’s Why

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.93 and last traded at $23.8110, with a volume of 47454 shares. The stock had previously closed at $23.38.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TIMB shares. Barclays raised their price objective on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a report on Friday, November 7th. Hsbc Global Res raised shares of TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Zacks Research upgraded shares of TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a report on Monday, December 29th. Finally, Citigroup cut TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, TIM currently has a consensus rating of “Hold” and a consensus target price of $23.25.

TIM Stock Down 0.3%

The firm has a 50-day moving average of $21.48 and a two-hundred day moving average of $21.22. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $11.66 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 0.74 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, beating the consensus estimate of $0.36 by $0.10. TIM had a net margin of 15.35% and a return on equity of 15.72%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. Equities research analysts predict that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

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

Institutional Trading of TIM

Hedge funds and other institutional investors have recently made changes to their positions in the company. Capital Insight Partners LLC purchased a new stake in shares of TIM in the 3rd quarter worth about $1,116,000. Sequoia Financial Advisors LLC purchased a new position in shares of TIM during the 2nd quarter worth $387,000. Vise Technologies Inc. acquired a new stake in TIM in the 2nd quarter worth about $509,000. Vanguard Personalized Indexing Management LLC boosted its position in shares of TIM by 18.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,268 shares of the company’s stock worth $389,000 after acquiring an additional 3,016 shares during the last quarter. Finally, Freedom Investment Management Inc. acquired a new position in TIM in the second quarter valued at $680,000.

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