TIM (NYSE:TIMB) Hits New 12-Month High – Time to Buy?

TIM S.A. Sponsored ADR (NYSE:TIMB)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $24.50 and last traded at $24.3960, with a volume of 15172 shares changing hands. The stock had previously closed at $24.22.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Bank of America assumed coverage on shares of TIM in a report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price target on the stock. Scotiabank reissued a “sector perform” rating and issued a $23.60 price objective on shares of TIM in a report on Wednesday, November 5th. Zacks Research raised TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Barclays boosted their price target on TIM from $21.00 to $23.50 and gave the company an “equal weight” rating in a report on Friday, November 7th. Finally, HSBC raised shares of TIM from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $21.00 to $27.00 in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.25.

TIM Price Performance

The company has a market capitalization of $11.86 billion, a P/E ratio of 16.79, a PEG ratio of 0.73 and a beta of 0.47. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.55. The business has a 50 day simple moving average of $21.58 and a 200-day simple moving average of $21.42.

TIM (NYSE:TIMB) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The business 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%. Analysts predict 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 given a $0.6784 dividend. The ex-dividend date was Monday, December 29th. TIM’s dividend payout ratio (DPR) is currently 95.89%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its holdings in TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company’s stock worth $16,539,000 after purchasing an additional 47,130 shares during the period. UBS Group AG raised its position in shares of TIM by 12.4% during the 4th quarter. UBS Group AG now owns 537,416 shares of the company’s stock worth $10,453,000 after buying an additional 59,136 shares in the last quarter. Schroder Investment Management Group lifted its stake in shares of TIM by 2.2% in the 3rd quarter. Schroder Investment Management Group now owns 449,225 shares of the company’s stock worth $9,860,000 after acquiring an additional 9,879 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of TIM by 9.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 448,722 shares of the company’s stock worth $10,015,000 after acquiring an additional 38,649 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of TIM by 26.4% in the second quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock valued at $8,961,000 after acquiring an additional 93,179 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