TIM (NYSE:TIMB) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• TIM’s shares traded at unusually high volume, with 428,699 shares changing hands, while the stock rose 0.3% to about $18.81.
• Analyst sentiment is mixed but leans cautious: TIM has a consensus “Hold” rating from MarketBeat, with an average price target of $24.82.
• The company reported quarterly EPS of $0.42 on $1.35 billion in revenue and recently paid a special dividend of $0.1618 per share, with a 60.95% payout ratio.

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) saw unusually-strong trading volume on Wednesday . 428,699 shares were traded during trading, a decline of 2% from the previous session's volume of 437,703 shares.The stock last traded at $18.8110 and had previously closed at $18.73.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TIMB. Weiss Ratings raised TIM from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 6th. Wall Street Zen lowered TIM from a "buy" rating to a "hold" rating in a report on Saturday, August 29th. Santander raised TIM from a "neutral" rating to an "outperform" rating in a research note on Monday, June 22nd. Zacks Research lowered TIM from a "strong-buy" rating to a "hold" rating in a report on Friday, May 15th. Finally, Barclays dropped their price target on shares of TIM from $28.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TIM currently has a consensus rating of "Hold" and an average price target of $24.82.

TIM Stock Up 0.3%

The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 1.23 and a beta of 0.38. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average of $19.61 and a two-hundred day moving average of $22.74.

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

TIM Dividend Announcement

The business also recently declared a special dividend, which was paid on Wednesday, July 29th. Stockholders of record on Monday, June 29th were given a $0.1618 dividend. The ex-dividend date of this dividend was Monday, June 29th. TIM's dividend payout ratio is 60.95%.

Insider Activity at TIM

In related news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the transaction, the chief financial officer directly owned 83,259 shares of the company's stock, valued at approximately $359,678.88. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Institutional Investors Weigh In On TIM

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TIMB. Ameritas Advisory Services LLC acquired a new stake in shares of TIM during the 2nd quarter valued at $25,000. Wells Fargo & Company MN raised its holdings in shares of TIM by 53.8% during the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company's stock worth $27,000 after acquiring an additional 494 shares in the last quarter. Eastern Bank purchased a new stake in shares of TIM during the second quarter worth $34,000. Kestra Advisory Services LLC acquired a new stake in TIM during the fourth quarter valued at $39,000. Finally, EverSource Wealth Advisors LLC boosted its position in TIM by 188.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company's stock valued at $41,000 after purchasing an additional 1,345 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA

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