TIM S.A. Sponsored ADR Declares -- Dividend of $0.12 (NYSE:TIMB)

TIM S.A. Sponsored ADR (NYSE:TIMB - Get Free Report) announced a -- dividend on Thursday, July 24th, Wall Street Journal reports. Stockholders of record on Monday, August 4th will be given a dividend of 0.1189 per share on Tuesday, October 28th. This represents a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, August 4th.

TIM Trading Down 0.4%

Shares of TIM stock traded down $0.07 on Friday, reaching $18.03. The company had a trading volume of 357,820 shares, compared to its average volume of 476,700. The firm's 50 day moving average price is $18.56 and its two-hundred day moving average price is $16.09. The firm has a market cap of $8.73 billion, a PE ratio of 14.42, a PEG ratio of 0.73 and a beta of 0.64. TIM has a 52-week low of $11.32 and a 52-week high of $20.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.86 and a current ratio of 0.88.

TIM (NYSE:TIMB - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. TIM had a net margin of 13.30% and a return on equity of 13.17%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $6.38 billion. Sell-side analysts predict that TIM will post 1.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Amundi purchased a new stake in TIM in the 1st quarter valued at $87,000. Royal Bank of Canada raised its holdings in shares of TIM by 1.3% in the first quarter. Royal Bank of Canada now owns 62,008 shares of the company's stock valued at $970,000 after buying an additional 789 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of TIM by 4.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,056,805 shares of the company's stock worth $16,539,000 after buying an additional 47,130 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TIMB shares. Hsbc Global Res downgraded shares of TIM from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 12th. The Goldman Sachs Group upped their target price on shares of TIM from $15.30 to $16.90 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Wall Street Zen downgraded shares of TIM from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 15th. Barclays upped their target price on shares of TIM from $17.50 to $20.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Finally, HSBC cut shares of TIM to a "hold" rating in a report on Friday, June 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $18.17.

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.