TIM (NYSE:TIMB) Reaches New 52-Week High - What's Next?

Tim S.A. (NYSE:TIMB - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $17.83 and last traded at $17.70, with a volume of 332038 shares trading hands. The stock had previously closed at $17.39.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Scotiabank cut their target price on TIM from $23.20 to $17.60 and set a "sector outperform" rating on the stock in a research note on Wednesday, February 12th. Barclays set a $17.50 target price on shares of TIM in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group raised their price target on shares of TIM from $15.30 to $16.90 and gave the company a "neutral" rating in a research report on Wednesday, April 30th.

TIM Stock Performance

The firm has a market capitalization of $8.33 billion, a PE ratio of 14.59, a P/E/G ratio of 0.67 and a beta of 0.62. The business has a 50-day simple moving average of $15.83 and a 200-day simple moving average of $14.21. 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 released its quarterly earnings data 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 company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion. Equities research analysts expect that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ritholtz Wealth Management lifted its position in shares of TIM by 8.0% in the fourth quarter. Ritholtz Wealth Management now owns 67,724 shares of the company's stock valued at $796,000 after acquiring an additional 4,997 shares in the last quarter. Blue Trust Inc. boosted its stake in TIM by 34.1% during the 4th quarter. Blue Trust Inc. now owns 19,172 shares of the company's stock worth $225,000 after purchasing an additional 4,880 shares during the last quarter. R Squared Ltd purchased a new stake in shares of TIM during the fourth quarter worth $53,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of TIM by 13.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock worth $1,555,000 after buying an additional 16,000 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of TIM by 1,005.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock valued at $29,000 after buying an additional 2,211 shares during the last quarter.

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.