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

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $20.29 and last traded at $20.25, with a volume of 386660 shares traded. The stock had previously closed at $20.11.

Analyst Ratings Changes

A number of equities analysts have recently commented on TIMB shares. The Goldman Sachs Group lifted their price target on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. HSBC lowered TIM to a "hold" rating in a research report on Friday, June 13th. Hsbc Global Res lowered shares of TIM from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 12th. Wall Street Zen lowered shares of TIM from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 15th. Finally, Barclays set a $17.50 price objective on shares of TIM in a report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, TIM currently has an average rating of "Hold" and a consensus price target of $17.33.

TIM Trading Up 2.3%

The firm has a 50-day simple moving average of $17.95 and a 200-day simple moving average of $15.30. The stock has a market cap of $9.99 billion, a PE ratio of 16.50, a P/E/G ratio of 0.92 and a beta of 0.64. The company has a quick ratio of 0.86, a current ratio of 0.88 and a debt-to-equity ratio of 0.57.

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, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $6.38 billion. TIM had a net margin of 13.30% and a return on equity of 13.17%. Equities analysts forecast that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current year.

TIM Announces Dividend

The company also recently declared an annual dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Friday, May 23rd will be issued a $0.1086 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a dividend yield of 7.6%. TIM's payout ratio is currently 61.60%.

Institutional Investors Weigh In On TIM

Several large investors have recently added to or reduced their stakes in TIMB. US Bancorp DE raised its holdings in shares of TIM by 78.9% in the 4th quarter. US Bancorp DE now owns 38,162 shares of the company's stock valued at $449,000 after acquiring an additional 16,832 shares in the last quarter. Brandes Investment Partners LP raised its stake in TIM by 127.4% in the fourth quarter. Brandes Investment Partners LP now owns 144,814 shares of the company's stock valued at $1,703,000 after purchasing an additional 81,136 shares in the last quarter. Natixis Advisors LLC purchased a new stake in TIM in the fourth quarter valued at approximately $319,000. Quantbot Technologies LP lifted its position in TIM by 30.2% during the fourth quarter. Quantbot Technologies LP now owns 50,570 shares of the company's stock valued at $595,000 after purchasing an additional 11,730 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in TIM by 5.5% in the 4th quarter. American Century Companies Inc. now owns 334,679 shares of the company's stock worth $3,936,000 after buying an additional 17,506 shares in the last quarter.

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.