TIM (NYSE:TIMB) Reaches New 1-Year High - Here's What Happened

Tim S.A. (NYSE:TIMB - Get Free Report)'s share 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 traded. The stock had previously closed at $17.39.

Wall Street Analyst Weigh In

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

TIM Stock Up 1.8%

The business has a fifty day moving average of $15.65 and a 200 day moving average of $14.15. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The stock has a market capitalization of $8.57 billion, a price-to-earnings ratio of 15.00, a PEG ratio of 0.67 and a beta of 0.62.

TIM (NYSE:TIMB - Get Free Report) last issued 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. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $6.38 billion. TIM had a net margin of 12.24% and a return on equity of 11.91%. As a group, equities analysts predict that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Friday, May 23rd. This represents a yield of 7.6%. TIM's dividend payout ratio (DPR) is presently 68.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TIMB. Sumitomo Mitsui Trust Group Inc. increased its holdings in TIM by 13.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock valued at $1,555,000 after buying an additional 16,000 shares during the last quarter. Cerity Partners LLC purchased a new stake in TIM during the 4th quarter valued at approximately $330,000. Blue Trust Inc. lifted its holdings in shares of TIM by 34.1% during the fourth 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 period. Natixis Advisors LLC purchased a new stake in shares of TIM in the fourth quarter valued at about $319,000. Finally, Global Retirement Partners LLC increased its position in TIM by 1,005.0% during the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock worth $29,000 after purchasing an additional 2,211 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.

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