TIM (NYSE:TIMB) Sets New 52-Week High – Still a Buy?

Tim S.A. (NYSE:TIMB) hit a new 52-week high during trading on Wednesday . The stock traded as high as $18.80 and last traded at $18.78, with a volume of 1184607 shares. The stock had previously closed at $18.08.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays set a $17.50 target price on TIM in a research note on Wednesday, May 7th. Wall Street Zen upgraded TIM from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 7th. Finally, The Goldman Sachs Group lifted their target price on shares of TIM from $15.30 to $16.90 and gave the stock a “neutral” rating in a report on Wednesday, April 30th. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, TIM has a consensus rating of “Moderate Buy” and a consensus target price of $17.33.

TIM Stock Performance

The stock’s 50 day moving average is $16.67 and its two-hundred day moving average is $14.64. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a market cap of $8.91 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.67 and a beta of 0.60.

TIM (NYSE:TIMB) last released its quarterly earnings data on Monday, May 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $6.38 billion. TIM had a net margin of 12.24% and a return on equity of 11.91%. Analysts anticipate that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.1086 per share. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM’s payout ratio is currently 68.00%.

Hedge Funds Weigh In On TIM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of TIM by 13.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company’s stock valued at $1,555,000 after purchasing an additional 16,000 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after purchasing an additional 2,211 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of TIM during the 4th quarter valued at $500,000. US Bancorp DE increased its stake in shares of TIM by 78.9% in the fourth quarter. US Bancorp DE now owns 38,162 shares of the company’s stock worth $449,000 after acquiring an additional 16,832 shares during the last quarter. Finally, Brandes Investment Partners LP raised its holdings in shares of TIM by 127.4% during the fourth quarter. Brandes Investment Partners LP now owns 144,814 shares of the company’s stock worth $1,703,000 after acquiring an additional 81,136 shares in 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.