TIM (NYSE:TIMB) Sets New 12-Month High – Here’s What Happened

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

Analysts Set New Price Targets

Several equities research analysts recently commented on TIMB shares. Barclays lifted their price objective on TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Scotiabank reissued a “sector perform” rating and set a $23.60 price objective on shares of TIM in a report on Wednesday, November 5th. Citigroup cut shares of TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Jefferies Financial Group lowered shares of TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Finally, Bank of America initiated coverage on shares of TIM in a research note on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price target for the company. Two research 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.25.

TIM Trading Up 1.2%

The business has a fifty day moving average of $21.45 and a 200-day moving average of $21.17. The stock has a market capitalization of $11.46 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.72 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 announced its earnings results on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. TIM had a net margin of 15.35% and a return on equity of 15.72%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.21 billion. On average, equities analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Global Retirement Partners LLC increased its holdings in TIM by 5,590.5% during the third quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after buying an additional 1,174 shares during the last quarter. TD Private Client Wealth LLC purchased a new position in TIM in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC increased its holdings in 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 during the period. Hantz Financial Services Inc. raised its stake in TIM by 303.1% in the second quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock worth $42,000 after buying an additional 1,552 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in TIM during the 2nd quarter valued at about $42,000.

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