TIM (NYSE:TIMB) Sets New 52-Week High - Still a Buy?

Tim S.A. (NYSE:TIMB - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $18.13 and last traded at $17.98, with a volume of 85110 shares changing hands. The stock had previously closed at $17.53.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group raised their price objective on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Barclays set a $17.50 price target on shares of TIM in a report on Wednesday, May 7th. Finally, Scotiabank lowered their price target on shares of TIM from $23.20 to $17.60 and set a "sector outperform" rating for the company in a research report on Wednesday, February 12th.

TIM Stock Down 1.0%

The business has a fifty day moving average of $16.35 and a 200 day moving average of $14.47. The stock has a market cap of $8.68 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 0.67 and a beta of 0.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93.

TIM (NYSE:TIMB - Get Free Report) last issued its earnings results on Monday, May 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. TIM had a return on equity of 11.91% and a net margin of 12.24%. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $6.38 billion. On average, equities analysts predict that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

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

Hedge Funds Weigh In On TIM

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of TIM by 1.3% in the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company's stock valued at $970,000 after buying an additional 789 shares during the last quarter. PNC Financial Services Group Inc. increased its position in TIM by 29.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company's stock worth $67,000 after buying an additional 969 shares during the period. Blue Trust Inc. increased its position in TIM by 26.2% during the 1st quarter. Blue Trust Inc. now owns 7,687 shares of the company's stock worth $120,000 after buying an additional 1,597 shares during the period. GAMMA Investing LLC increased its position in TIM by 119.3% during the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock worth $47,000 after buying an additional 1,647 shares during the period. Finally, Quantinno Capital Management LP increased its position in TIM by 10.3% during the 4th quarter. Quantinno Capital Management LP now owns 19,388 shares of the company's stock worth $228,000 after buying an additional 1,810 shares during the period.

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.