TIM (NYSE:TIMB) Hits New 1-Year High - Here's Why

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $19.67 and last traded at $19.66, with a volume of 739044 shares changing hands. The stock had previously closed at $18.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Hsbc Global Res lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. Barclays set a $17.50 target price on shares of TIM in a research note on Wednesday, May 7th. Wall Street Zen lowered shares of TIM from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 15th. The Goldman Sachs Group lifted 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. Finally, HSBC lowered shares of TIM to a "hold" rating in a research note on Friday, June 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $17.33.

TIM Stock Performance

The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.88. The firm's 50 day moving average is $17.59 and its 200-day moving average is $15.12. The firm has a market cap of $9.42 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 0.88 and a beta of 0.60.

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

TIM Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, May 23rd will be paid a $0.1086 dividend. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM's payout ratio is presently 61.60%.

Institutional Investors Weigh In On TIM

Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC raised its holdings in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after acquiring an additional 2,211 shares during the period. Y Intercept Hong Kong Ltd bought a new position in TIM in the 4th quarter worth $500,000. US Bancorp DE raised its holdings in TIM by 78.9% in the 4th quarter. US Bancorp DE now owns 38,162 shares of the company's stock worth $449,000 after acquiring an additional 16,832 shares during the period. Brandes Investment Partners LP raised its holdings in TIM by 127.4% in the 4th quarter. Brandes Investment Partners LP now owns 144,814 shares of the company's stock worth $1,703,000 after acquiring an additional 81,136 shares during the period. Finally, Natixis Advisors LLC bought a new position in TIM in the 4th quarter worth $319,000.

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.