TIM (NYSE:TIMB) Reaches New 12-Month High - Time to Buy?

Key Points

• TIM S.A. Sponsored ADR reached a new 52-week high at $22.90, indicating a strong market performance with an average rating of "Moderate Buy" from analysts.
• The company announced a special dividend of $0.1888 per share, to be paid on January 28th, with a dividend payout ratio of 72.09%.
• Analysts have been optimistic about TIM, with several upgrades and increased price targets, including a notable upgrade from "buy" to "strong-buy" by Wall Street Zen.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $22.90 and last traded at $22.74, with a volume of 218039 shares changing hands. The stock had previously closed at $22.38.

Analyst Ratings Changes

Several analysts recently issued reports on TIMB shares. Wall Street Zen upgraded TIM from a "buy" rating to a "strong-buy" rating in a report on Saturday, September 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of TIM in a report on Tuesday, October 14th. Scotiabank increased their price target on TIM from $19.10 to $23.60 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. Barclays raised their target price on TIM from $20.00 to $21.00 and gave the company an "equal weight" rating in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. raised their target price on TIM from $22.00 to $24.50 and gave the company an "overweight" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.50.

TIM Stock Up 1.7%

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.91 and a quick ratio of 0.88. The firm's 50-day moving average price is $21.33 and its 200 day moving average price is $19.08. The firm has a market cap of $11.01 billion, a P/E ratio of 17.65, a PEG ratio of 0.83 and a beta of 0.65.

TIM (NYSE:TIMB - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.04. TIM had a net margin of 13.91% and a return on equity of 13.99%. The firm had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $6.62 billion. On average, equities research analysts expect 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 paid a $0.1888 dividend. The ex-dividend date is Friday, October 3rd. TIM's dividend payout ratio (DPR) is presently 72.09%.

Institutional Investors Weigh In On TIM

Several large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of TIM by 7.8% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,658 shares of the company's stock valued at $174,000 after purchasing an additional 623 shares during the period. Kathmere Capital Management LLC increased its stake in shares of TIM by 4.4% during the third quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company's stock valued at $329,000 after acquiring an additional 627 shares during the period. Farther Finance Advisors LLC increased its stake in shares of TIM by 19.3% during the second quarter. Farther Finance Advisors LLC now owns 3,956 shares of the company's stock valued at $80,000 after acquiring an additional 641 shares during the period. Royal Bank of Canada increased its stake in shares of TIM by 1.3% during the first quarter. Royal Bank of Canada now owns 62,008 shares of the company's stock valued at $970,000 after acquiring an additional 789 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of TIM by 29.5% during the first quarter. PNC Financial Services Group Inc. now owns 4,258 shares of the company's stock valued at $67,000 after acquiring an additional 969 shares during the period.

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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