TIM (NYSE:TIMB) Sets New 1-Year High - Here's Why

Tim S.A. (NYSE:TIMB - Get Free Report)'s share price hit a new 52-week high on Tuesday . The stock traded as high as $19.20 and last traded at $19.10, with a volume of 386290 shares changing hands. The stock had previously closed at $18.59.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TIMB shares. Barclays set a $17.50 price target on TIM in a research report on Wednesday, May 7th. The Goldman Sachs Group upped their price objective on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a report on Wednesday, April 30th. Wall Street Zen cut shares of TIM from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Finally, HSBC lowered TIM to a "hold" rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, TIM presently has a consensus rating of "Hold" and a consensus target price of $17.33.

TIM Price Performance

The company has a market cap of $9.25 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.67 and a beta of 0.60. The company's 50 day moving average price is $16.84 and its 200-day moving average price is $14.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97.

TIM (NYSE:TIMB - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.03. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $6.38 billion. TIM had a return on equity of 11.91% and a net margin of 12.24%. On average, equities research analysts forecast that Tim S.A. will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

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

Institutional Trading of TIM

Several institutional investors and hedge funds have recently bought and sold shares of TIMB. Itau Unibanco Holding S.A. increased its position in shares of TIM by 64.9% in the fourth quarter. Itau Unibanco Holding S.A. now owns 1,769,904 shares of the company's stock worth $20,814,000 after acquiring an additional 696,454 shares in the last quarter. Schroder Investment Management Group acquired a new position in TIM in the 4th quarter worth approximately $5,666,000. Renaissance Technologies LLC boosted its stake in TIM by 19.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,718,588 shares of the company's stock worth $20,211,000 after purchasing an additional 283,002 shares during the period. Banco BTG Pactual S.A. grew its position in TIM by 1,302.9% during the 1st quarter. Banco BTG Pactual S.A. now owns 260,933 shares of the company's stock worth $4,084,000 after purchasing an additional 242,333 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in TIM by 8.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,932,973 shares of the company's stock worth $22,732,000 after purchasing an additional 152,061 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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