TIM (NYSE:TIMB) Reaches New 52-Week High - Still a Buy?

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) reached 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. The stock had previously closed at $18.59.

Analyst Ratings Changes

Several brokerages have issued reports on TIMB. HSBC downgraded TIM to a "hold" rating in a report on Friday, June 13th. Barclays set a $17.50 target price on TIM in a research note on Wednesday, May 7th. The Goldman Sachs Group raised their target price 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 Global Res cut shares of TIM from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 12th. Finally, Wall Street Zen downgraded shares of TIM from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 15th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, TIM has an average rating of "Hold" and a consensus target price of $17.33.

TIM Price Performance

The firm has a market cap of $9.38 billion, a price-to-earnings ratio of 15.50, a PEG ratio of 0.87 and a beta of 0.60. The company's fifty day moving average is $17.09 and its 200 day moving average is $14.83. 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 posted its quarterly earnings data on Monday, May 5th. The company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.03. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $6.38 billion. TIM had a net margin of 13.30% and a return on equity of 13.17%. On average, equities research analysts predict that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Dividend Announcement

The business also recently disclosed 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. This represents a dividend yield of 7.6%. The ex-dividend date is Friday, May 23rd. TIM's payout ratio is presently 68.80%.

Hedge Funds Weigh In On TIM

A number of institutional investors have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its position in shares of TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company's stock valued at $29,000 after acquiring an additional 2,211 shares during the period. GAMMA Investing LLC lifted its stake in TIM by 119.3% in the 1st quarter. GAMMA Investing LLC now owns 3,028 shares of the company's stock valued at $47,000 after purchasing an additional 1,647 shares during the last quarter. Brooklyn Investment Group bought a new position in TIM during the first quarter worth about $50,000. Farther Finance Advisors LLC grew its holdings in TIM by 30,036.4% during the first quarter. Farther Finance Advisors LLC now owns 3,315 shares of the company's stock worth $53,000 after purchasing an additional 3,304 shares during the period. Finally, SVB Wealth LLC acquired a new position in TIM during the first quarter worth approximately $64,000.

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.