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

Key Points

• TIM S.A. Sponsored ADR hit a new 52-week high of $21.95, with a recent closing price of $21.92, reflecting increased trading activity.
• Analysts generally have a mixed outlook on TIMB, with multiple upgrades in price targets, while HSBC has maintained a "hold" rating, leading to a consensus rating of "hold" and an average target price of $21.25.
• The company plans to distribute a special dividend of $0.1189, equating to a remarkable dividend yield of 720.0%.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.95 and last traded at $21.92, with a volume of 21125 shares changing hands. The stock had previously closed at $21.63.

Analyst Ratings Changes

Several research analysts have weighed in on TIMB shares. JPMorgan Chase & Co. increased their price target on shares of TIM from $22.00 to $24.50 and gave the company an "overweight" rating in a report on Friday, August 8th. Barclays raised their target price on shares of TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Scotiabank raised their target price on shares of TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. Wall Street Zen raised shares of TIM from a "buy" rating to a "strong-buy" rating in a report on Saturday. Finally, HSBC cut shares of TIM to a "hold" rating in a research note on Friday, June 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $21.25.

TIM Stock Performance

The company has a market capitalization of $10.65 billion, a PE ratio of 17.06, a PEG ratio of 0.86 and a beta of 0.69. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.88 and a current ratio of 0.91. The business's 50-day moving average is $20.12 and its 200-day moving average is $18.09.

TIM (NYSE:TIMB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.04. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $6.62 billion. TIM had a net margin of 13.91% and a return on equity of 13.99%. On average, research analysts anticipate that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Cuts Dividend

The business also recently disclosed a special dividend, which will be paid on Tuesday, October 28th. Investors of record on Monday, August 4th will be given a $0.1189 dividend. This represents a dividend yield of 720.0%. The ex-dividend date of this dividend is Monday, August 4th. TIM's dividend payout ratio (DPR) is presently 67.44%.

Institutional Investors Weigh In On TIM

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its stake in TIM by 188.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company's stock valued at $41,000 after acquiring an additional 1,345 shares during the period. Hantz Financial Services Inc. lifted its holdings in TIM by 303.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company's stock valued at $42,000 after purchasing an additional 1,552 shares in the last quarter. Raymond James Financial Inc. purchased a new position in TIM in the 2nd quarter valued at $42,000. GAMMA Investing LLC lifted its holdings in TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after purchasing an additional 1,647 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in TIM in the 1st quarter valued at $50,000.

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.

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