TIM (NYSE:TIMB) Reaches New 12-Month High - Still a Buy?

Key Points

• TIM S.A. Sponsored ADR (NYSE:TIMB) reached a new 12-month high at $22.22 during mid-day trading, with a current market cap of $10.81 billion.
• Analyst ratings for TIM include upgrades from Barclays and Wall Street Zen, with a consensus target price of $21.25 and three analysts rating the stock as a Buy.
• The company recently declared a special dividend of $0.1888 per share, set to be paid on January 28th, with an ex-dividend date of October 3rd.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $22.20 and last traded at $22.22, with a volume of 7943 shares changing hands. The stock had previously closed at $21.95.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TIMB. Barclays raised their target price on TIM from $17.50 to $20.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Wall Street Zen upgraded shares of TIM from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 20th. Citigroup began coverage on shares of TIM in a research report on Wednesday, September 10th. They set a "buy" rating on the stock. JPMorgan Chase & Co. upped their price objective on shares of TIM from $22.00 to $24.50 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Scotiabank boosted their target price on TIM from $19.10 to $23.60 and gave the stock a "sector outperform" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.25.

TIM Stock Up 1.7%

The company has a market cap of $10.81 billion, a PE ratio of 17.27, a P/E/G ratio of 0.85 and a beta of 0.69. The stock has a 50-day moving average of $20.44 and a 200-day moving average of $18.34. The company has a quick ratio of 0.88, a current ratio of 0.91 and a debt-to-equity ratio of 0.54.

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

TIM Announces Dividend

The company also recently declared a special dividend, which will be paid on Wednesday, January 28th. Shareholders of record on Friday, October 3rd will be issued a $0.1888 dividend. The ex-dividend date of this dividend is Friday, October 3rd. TIM's dividend payout ratio (DPR) is 67.44%.

Institutional Investors Weigh In On TIM

Several institutional investors and hedge funds have recently bought and sold shares of TIMB. Robeco Institutional Asset Management B.V. raised its holdings in TIM by 10.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,482,294 shares of the company's stock worth $70,029,000 after purchasing an additional 339,384 shares in the last quarter. Goldman Sachs Group Inc. increased 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 valued at $16,539,000 after purchasing an additional 47,130 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in TIM by 10.2% during the first quarter. Crossmark Global Holdings Inc. now owns 624,359 shares of the company's stock valued at $9,771,000 after buying an additional 57,562 shares during the last quarter. American Century Companies Inc. raised its position in shares of TIM by 26.4% in the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company's stock worth $8,961,000 after purchasing an additional 93,179 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of TIM by 15.3% in the second quarter. Assetmark Inc. now owns 380,158 shares of the company's stock worth $7,645,000 after buying an additional 50,379 shares in 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.

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