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

TIM S.A. Sponsored ADR (NYSE:TIMB) shares traded up 1.8% during trading on Friday . The stock traded as high as $23.45 and last traded at $23.2870. 224,921 shares changed hands during mid-day 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

A number of brokerages have recently issued reports on TIMB. Citigroup lowered TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday. Jefferies Financial Group downgraded shares of TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th. Bank of America began coverage on shares of TIM in a research report on Thursday, December 11th. They set an “underperform” rating and a $24.00 price target for the company. Finally, Zacks Research raised shares of TIM from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.25.

TIM Price Performance

The stock’s fifty day moving average price is $21.44 and its 200-day moving average price is $21.12. The firm has a market cap of $11.27 billion, a PE ratio of 15.95, a price-to-earnings-growth ratio of 0.71 and a beta of 0.50. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.96 and a quick ratio of 0.94.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.46 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.21 billion. As a group, equities analysts expect that TIM S.A. Sponsored ADR will post 1.34 EPS for the current fiscal year.

TIM Dividend Announcement

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

Institutional Investors Weigh In On TIM

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its stake in TIM by 10.8% during the second quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company’s stock worth $70,029,000 after buying an additional 339,384 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after acquiring an additional 47,130 shares during the period. Schroder Investment Management Group boosted its position in shares of TIM by 2.2% during the 3rd quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock valued at $9,860,000 after acquiring an additional 9,879 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TIM by 9.4% in the third quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock valued at $10,015,000 after purchasing an additional 38,649 shares during the period. Finally, American Century Companies Inc. increased its position in TIM by 26.4% during the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock worth $8,961,000 after purchasing an additional 93,179 shares during the last quarter.

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