TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Update

TIM S.A. Sponsored ADR (NYSE:TIMB) was the target of a large decline in short interest in April. As of April 15th, there was short interest totaling 3,399,044 shares, a decline of 19.3% from the March 31st total of 4,212,023 shares. Based on an average daily volume of 546,428 shares, the days-to-cover ratio is presently 6.2 days. Approximately 0.7% of the company’s stock are sold short.

TIM Price Performance

Shares of TIMB traded up $1.12 during mid-day trading on Thursday, hitting $25.96. 278,724 shares of the company were exchanged, compared to its average volume of 385,586. The stock has a market cap of $12.57 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The company has a 50 day moving average of $26.22 and a 200-day moving average of $23.75. TIM has a 1-year low of $16.21 and a 1-year high of $28.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89.

TIM (NYSE:TIMB) last issued its quarterly earnings results on Tuesday, February 10th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. TIM had a return on equity of 17.84% and a net margin of 16.28%. Analysts expect that TIM will post 1.88 EPS for the current fiscal year.

TIM Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Thursday, May 7th. Shareholders of record on Monday, March 30th will be paid a $0.1552 dividend. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio (DPR) is 68.75%.

Hedge Funds Weigh In On TIM

Several institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC raised its position in shares of TIM by 5,590.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock valued at $27,000 after buying an additional 1,174 shares during the period. Wells Fargo & Company MN lifted its holdings in TIM by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after buying an additional 494 shares in the last quarter. TD Private Client Wealth LLC purchased a new position in TIM in the third quarter valued at $28,000. Kestra Advisory Services LLC purchased a new position in shares of TIM in the 4th quarter valued at about $39,000. Finally, EverSource Wealth Advisors LLC lifted its stake in TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after acquiring an additional 1,345 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays boosted their price target on TIM from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 15th. Scotiabank raised their price target on shares of TIM from $23.60 to $29.50 and gave the stock a “sector perform” rating in a report on Monday, March 30th. Bradesco Corretora downgraded TIM to a “neutral” rating in a report on Tuesday. New Street Research upgraded shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Finally, Citigroup downgraded TIM from a “buy” rating to a “neutral” rating in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.40.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA