TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Update

TIM S.A. Sponsored ADR (NYSE:TIMB) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,384,993 shares, a decrease of 55.7% from the April 30th total of 3,127,979 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 552,669 shares, the days-to-cover ratio is presently 2.5 days.

TIM Trading Up 1.1%

Shares of TIMB stock traded up $0.25 during trading hours on Tuesday, hitting $22.08. 185,564 shares of the company were exchanged, compared to its average volume of 410,405. The firm has a market cap of $10.69 billion, a P/E ratio of 13.23, a P/E/G ratio of 1.13 and a beta of 0.37. TIM has a fifty-two week low of $17.18 and a fifty-two week high of $28.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.89 and a current ratio of 0.92. The company has a 50 day simple moving average of $24.93 and a two-hundred day simple moving average of $23.83.

TIM (NYSE:TIMB) last issued its earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a return on equity of 17.77% and a net margin of 16.00%.The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Equities analysts anticipate that TIM will post 1.8 EPS for the current year.

TIM Dividend Announcement

The company also recently announced a special dividend, which was paid on Thursday, May 7th. Investors of record on Monday, March 30th were issued a $0.1552 dividend. The ex-dividend date was Monday, March 30th. TIM’s dividend payout ratio (DPR) is currently 61.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of TIM in a report on Monday, May 18th. They issued a “neutral” rating and a $23.40 price objective for the company. New Street Research upgraded shares of TIM from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Scotiabank raised their price objective on shares of TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Wall Street Zen downgraded shares of TIM from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 25th. Finally, Barclays increased their target price on shares of TIM from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $25.90.

Insider Activity at TIM

In related news, insider Auana Mattar Lima sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the completion of the transaction, the insider owned 36,686 shares in the company, valued at $162,152.12. This trade represents a 18.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hedge Funds Weigh In On TIM

Several large investors have recently bought and sold shares of TIMB. Royal Bank of Canada lifted its stake in TIM by 1.3% during the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock valued at $970,000 after acquiring an additional 789 shares in the last quarter. Amundi bought a new position in TIM during the 1st quarter valued at $87,000. Goldman Sachs Group Inc. lifted its stake in TIM by 4.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock valued at $16,539,000 after acquiring an additional 47,130 shares in the last quarter. Creative Planning lifted its stake in TIM by 9.2% during the 2nd quarter. Creative Planning now owns 21,511 shares of the company’s stock valued at $433,000 after acquiring an additional 1,814 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in TIM by 117.7% during the 2nd quarter. Rhumbline Advisers now owns 10,018 shares of the company’s stock valued at $201,000 after acquiring an additional 5,417 shares in 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