TIM (NYSE:TIMB) Shares Up 1.8% – Still a Buy?

TIM S.A. Sponsored ADR (NYSE:TIMB)’s share price 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 trading, a decline of 51% from the average session volume of 454,539 shares. The stock had previously closed at $22.88.

Analyst Ratings Changes

TIMB has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a report on Monday, December 29th. Citigroup downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday. Zacks Research upgraded shares of TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. Scotiabank reissued a “sector perform” rating and issued a $23.60 price target on shares of TIM in a report on Wednesday, November 5th. Finally, Barclays lifted their price objective on shares of TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.25.

TIM Price Performance

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 firm has a fifty day moving average of $21.44 and a two-hundred day moving average of $21.13. The company has a market capitalization of $11.27 billion, a PE ratio of 15.95, a PEG ratio of 0.72 and a beta of 0.50.

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

TIM Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 29th were paid a $0.6784 dividend. 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

A number of hedge funds and other institutional investors have recently made changes to their positions in TIMB. Global Retirement Partners LLC boosted its holdings in TIM by 5,590.5% in the third quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock valued at $27,000 after acquiring an additional 1,174 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of TIM in the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC boosted its stake in shares of TIM by 188.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock valued at $41,000 after purchasing an additional 1,345 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of TIM by 303.1% during the second quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock valued at $42,000 after buying an additional 1,552 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of TIM during the second quarter valued at about $42,000.

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