TIM (NYSE:TIMB) Sets New 52-Week High - Time to Buy?

Key Points

• 52-week high: TIM S.A. ADR touched an intraday high of $28.08 (last $27.91) and was up about 2.2% on the session.
• Analyst sentiment is mixed but positive overall — MarketBeat shows a consensus "Moderate Buy" with an average price target of $24.65, while several firms recently raised ratings or price targets and a few downgraded the stock.
• Recent results and capital returns: TIM beat EPS estimates ($0.52 vs. $0.48) with a PE of 17.6 and PEG of 0.69, and announced a special dividend of $0.1552 payable May 7 (ex-dividend Mar 30); institutional investors including Renaissance, Goldman and State Street have recently increased stakes.

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $28.08 and last traded at $27.9110, with a volume of 77878 shares changing hands. The stock had previously closed at $27.58.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings raised shares of TIM from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, March 16th. Barclays boosted their price objective on shares of TIM from $23.50 to $26.00 and gave the company an "equal weight" rating in a research note on Monday, March 2nd. Scotiabank upped their price target on shares of TIM from $23.60 to $29.50 and gave the stock a "sector perform" rating in a research note on Monday, March 30th. New Street Research raised shares of TIM from a "neutral" rating to a "buy" rating in a research note on Tuesday. Finally, Citigroup cut shares of TIM from a "buy" rating to a "neutral" rating in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TIM has a consensus rating of "Moderate Buy" and an average price target of $24.65.

TIM Stock Up 2.2%

The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89. The firm's 50-day moving average is $25.83 and its 200 day moving average is $23.25. The firm has a market capitalization of $13.65 billion, a PE ratio of 17.62, a price-to-earnings-growth ratio of 0.69 and a beta of 0.48.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. TIM had a net margin of 16.28% and a return on equity of 17.84%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. As a group, research analysts forecast that TIM S.A. Sponsored ADR will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be given a $0.1552 dividend. The ex-dividend date is Monday, March 30th. TIM's payout ratio is currently 83.13%.

Institutional Investors Weigh In On TIM

Several institutional investors and hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of TIM by 4.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,848,386 shares of the company's stock worth $35,951,000 after buying an additional 82,700 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in TIM by 4.7% in the 1st 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 in the last quarter. State Street Corp lifted its holdings in TIM by 5.3% in the 4th quarter. State Street Corp now owns 657,839 shares of the company's stock valued at $13,464,000 after purchasing an additional 33,364 shares in the last quarter. UBS Group AG lifted its holdings in TIM by 12.4% in the 4th quarter. UBS Group AG now owns 537,416 shares of the company's stock valued at $10,453,000 after purchasing an additional 59,136 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in TIM by 2.2% in the 3rd quarter. Schroder Investment Management Group now owns 449,225 shares of the company's stock valued at $9,860,000 after purchasing an additional 9,879 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA

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