TIM (NYSE:TIMB) Hits New 1-Year High - Time to Buy?

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $19.67 and last traded at $19.66, with a volume of 739044 shares. The stock had previously closed at $18.63.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TIMB. Hsbc Global Res lowered TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. HSBC lowered shares of TIM to a "hold" rating in a report on Friday, June 13th. Wall Street Zen cut shares of TIM from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 15th. Barclays set a $17.50 target price on shares of TIM in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their target price on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research note on Wednesday, April 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $17.33.

TIM Stock Performance

The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $9.48 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.87 and a beta of 0.60. The stock's 50-day simple moving average is $17.42 and its 200 day simple moving average is $15.00.

TIM (NYSE:TIMB - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. TIM had a net margin of 13.30% and a return on equity of 13.17%. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $6.38 billion. Analysts expect that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be issued a $0.1086 dividend. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, May 23rd. TIM's dividend payout ratio is currently 68.80%.

Institutional Investors Weigh In On TIM

Institutional investors and hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in TIM by 8.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after purchasing an additional 152,061 shares during the period. Itau Unibanco Holding S.A. boosted its stake in shares of TIM by 64.9% in the 4th quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company's stock valued at $20,814,000 after purchasing an additional 696,454 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of TIM by 19.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock worth $20,211,000 after buying an additional 283,002 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of TIM by 4.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock worth $16,539,000 after buying an additional 47,130 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in TIM by 2.3% in the fourth quarter. JPMorgan Chase & Co. now owns 829,841 shares of the company's stock valued at $9,759,000 after buying an additional 18,970 shares during the period.

TIM Company Profile

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.

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