TIM (NYSE:TIMB) Sees Unusually-High Trading Volume – Should You Buy?

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) saw unusually-strong trading volume on Thursday. 383,937 shares changed hands during mid-day trading, a decline of 17% from the previous session’s volume of 459,966 shares. The stock last traded at $18.6490 and had previously closed at $18.30.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on TIMB shares. Wall Street Zen lowered shares of TIM from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Santander raised shares of TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd. Weiss Ratings upgraded shares of TIM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Barclays dropped their price objective on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Finally, Bank of America raised shares of TIM from an “underperform” rating to a “neutral” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $24.82.

TIM Stock Performance

The stock has a market capitalization of $8.96 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 1.21 and a beta of 0.33. The firm has a fifty day moving average of $18.29 and a 200 day moving average of $21.37. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.82.

TIM (NYSE:TIMB) last posted its earnings results on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. The firm had revenue of $1.35 billion during the quarter. On average, sell-side analysts anticipate that TIM S.A. Sponsored ADR will post 1.82 earnings per share for the current fiscal year.

TIM Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 29th. Stockholders of record on Monday, September 28th will be paid a dividend of $0.2102 per share. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio is presently 62.13%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in TIMB. Inspire Investing LLC lifted its position in shares of TIM by 10.1% during the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock valued at $111,000 after buying an additional 386 shares in the last quarter. DGS Capital Management LLC raised its position in TIM by 1.9% during the first quarter. DGS Capital Management LLC now owns 40,919 shares of the company’s stock worth $1,084,000 after acquiring an additional 753 shares during the period. Kathmere Capital Management LLC lifted its holdings in TIM by 5.0% during the first quarter. Kathmere Capital Management LLC now owns 16,554 shares of the company’s stock valued at $439,000 after purchasing an additional 787 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in TIM by 24.1% during the third quarter. Farther Finance Advisors LLC now owns 5,666 shares of the company’s stock valued at $101,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in TIM during the second quarter valued at $25,000.

TIM Company Profile

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and government customers. Its offerings include voice and messaging, mobile data, broadband internet, digital services and related connectivity solutions.

The company operates a nationwide telecommunications network in Brazil and serves customers through retail stores, digital channels and business-focused sales operations. TIM also provides enterprise services such as connectivity, information technology and communications solutions, including products related to the Internet of Things, cloud computing and managed networks.

TIM SA traces its roots to the launch of TIM Brasil in the late 1990s and is part of the Telecom Italia Group.