TIM (NYSE:TIMB) Hits New 1-Year High - Still a Buy?

Tim S.A. (NYSE:TIMB - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as $18.80 and last traded at $18.78, with a volume of 1184607 shares. The stock had previously closed at $18.08.

Analysts Set New Price Targets

TIMB has been the subject of several recent research reports. The Goldman Sachs Group raised their price target on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Barclays set a $17.50 price target on TIM in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised TIM from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 7th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.33.

TIM Stock Down 1.7%

The firm has a fifty day moving average price of $16.75 and a 200-day moving average price of $14.67. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The firm has a market cap of $9.00 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.67 and a beta of 0.60.

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

TIM Announces Dividend

The firm 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 dividend of $0.1086 per share. This represents a dividend yield of 7.6%. The ex-dividend date of this dividend is Friday, May 23rd. TIM's dividend payout ratio (DPR) is 68.00%.

Institutional Investors Weigh In On TIM

Hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of TIM by 13.8% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 132,198 shares of the company's stock worth $1,555,000 after purchasing an additional 16,000 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of TIM during the fourth quarter worth $330,000. BNP Paribas Financial Markets acquired a new position in TIM in the fourth quarter valued at $338,000. Millennium Management LLC boosted its holdings in TIM by 68.8% in the fourth quarter. Millennium Management LLC now owns 34,106 shares of the company's stock valued at $401,000 after acquiring an additional 13,905 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in TIM by 37.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 106,903 shares of the company's stock valued at $1,257,000 after acquiring an additional 28,881 shares during 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.