Tim S.A. (NYSE:TIMB) Short Interest Down 34.0% in December

Tim S.A. (NYSE:TIMB) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 798,300 shares, a decline of 34.0% from the November 30th total of 1,210,000 shares. Based on an average daily volume of 549,800 shares, the days-to-cover ratio is currently 1.5 days. Currently, 0.2% of the shares of the company are sold short.

TIM Stock Performance

TIM stock traded down $0.14 during midday trading on Monday, reaching $11.71. 375,466 shares of the stock traded hands, compared to its average volume of 479,168. TIM has a fifty-two week low of $11.61 and a fifty-two week high of $19.14. 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 firm has a market cap of $5.67 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 0.57 and a beta of 0.84. The firm has a fifty day moving average price of $13.58 and a two-hundred day moving average price of $14.94.

TIM (NYSE:TIMB) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The business had revenue of $1.16 billion for the quarter. On average, equities research analysts forecast that TIM will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.1723 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.88%. This is a positive change from TIM’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 30th. TIM’s dividend payout ratio (DPR) is 53.97%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TIMB shares. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group lowered their target price on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Scotiabank dropped their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, Barclays reduced their price objective on TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th.

Institutional Investors Weigh In On TIM

Several institutional investors have recently bought and sold shares of TIMB. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in TIM in the third quarter worth approximately $12,054,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of TIM by 137.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock valued at $12,187,000 after buying an additional 409,992 shares during the period. Itau Unibanco Holding S.A. boosted its stake in TIM by 55.8% during the third quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock valued at $18,485,000 after buying an additional 384,500 shares in the last quarter. Meritage Portfolio Management bought a new position in TIM during the third quarter valued at about $3,683,000. Finally, Renaissance Technologies LLC grew its holdings in TIM by 11.7% during the second quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock worth $19,533,000 after acquiring an additional 142,862 shares during the period.

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.