TIM (NYSE:TIMB) Hits New 1-Year High – What’s Next?

Tim S.A. (NYSE:TIMB)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.83 and last traded at $17.70, with a volume of 332038 shares changing hands. The stock had previously closed at $17.39.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TIMB shares. The Goldman Sachs Group lifted their price target on shares of TIM from $15.30 to $16.90 and gave the company a “neutral” rating in a report on Wednesday, April 30th. Scotiabank dropped their target price on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating on the stock in a report on Wednesday, February 12th. Finally, Barclays set a $17.50 price objective on shares of TIM in a report on Wednesday, May 7th.

TIM Price Performance

The company has a market capitalization of $8.57 billion, a PE ratio of 15.00, a P/E/G ratio of 0.67 and a beta of 0.62. The stock has a 50 day moving average price of $15.65 and a two-hundred day moving average price of $14.15. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

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

TIM Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TIMB. Global Retirement Partners LLC raised its position in shares of TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after acquiring an additional 2,211 shares during the period. GAMMA Investing LLC lifted its stake in TIM by 119.3% in the first quarter. GAMMA Investing LLC now owns 3,028 shares of the company’s stock valued at $47,000 after acquiring an additional 1,647 shares during the last quarter. Brooklyn Investment Group bought a new position in TIM during the first quarter worth about $50,000. R Squared Ltd bought a new position in shares of TIM in the fourth quarter valued at about $53,000. Finally, Farther Finance Advisors LLC lifted its position in TIM by 30,036.4% during the first quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company’s stock worth $53,000 after acquiring an additional 3,304 shares during 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.