TIM (NYSE:TIMB) Reaches New 1-Year High - Time to Buy?

Tim S.A. (NYSE:TIMB - Get Free Report)'s share price hit 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 traded. The stock had previously closed at $18.08.

Analysts Set New Price Targets

Several research analysts recently weighed in on TIMB shares. The Goldman Sachs Group increased their price objective on TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research report on Wednesday, April 30th. Wall Street Zen upgraded TIM from a "buy" rating to a "strong-buy" rating in a research report on Saturday, June 7th. Finally, Barclays set a $17.50 price objective on TIM in a research report on Wednesday, May 7th. Three research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.33.

TIM Stock Performance

The firm has a 50-day moving average price of $16.75 and a 200 day moving average price of $14.68. The firm has a market capitalization of $9.00 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 0.67 and a beta of 0.60. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.28 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 during the quarter, compared to analyst estimates of $6.38 billion. Research analysts expect that Tim S.A. will post 1.34 earnings per share for the current year.

TIM Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in TIM by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock valued at $16,539,000 after purchasing an additional 47,130 shares during the period. Amundi purchased a new position in shares of TIM during the first quarter worth about $87,000. Aprio Wealth Management LLC grew its holdings in shares of TIM by 85.4% during the first quarter. Aprio Wealth Management LLC now owns 30,658 shares of the company's stock worth $480,000 after buying an additional 14,119 shares during the last quarter. Royal Bank of Canada grew its holdings 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 worth $970,000 after buying an additional 789 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of TIM by 47.8% during the first quarter. Vident Advisory LLC now owns 43,994 shares of the company's stock worth $689,000 after buying an additional 14,224 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.