Short Interest in TIM S.A. Sponsored ADR (NYSE:TIMB) Declines By 19.3%

TIM S.A. Sponsored ADR (NYSE:TIMB) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 3,399,044 shares, a decline of 19.3% from the March 31st total of 4,212,023 shares. Based on an average daily volume of 546,428 shares, the short-interest ratio is presently 6.2 days. Currently, 0.7% of the shares of the company are sold short.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. New Street Research raised shares of TIM from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 7th. Scotiabank boosted their price target on shares of TIM from $23.60 to $29.50 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Weiss Ratings raised shares of TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Citigroup lowered shares of TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Finally, Barclays boosted their price target on shares of TIM from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. 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 issued a Sell rating to the company’s stock. According to MarketBeat, TIM has a consensus rating of “Moderate Buy” and a consensus price target of $26.40.

Institutional Trading of TIM

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Investing LLC boosted its stake in shares of TIM by 10.1% in the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock valued at $111,000 after purchasing an additional 386 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of TIM by 0.3% in the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock valued at $3,366,000 after purchasing an additional 441 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of TIM by 53.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after purchasing an additional 494 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of TIM by 23.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock valued at $51,000 after purchasing an additional 504 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in shares of TIM by 4.4% in the 3rd quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company’s stock valued at $329,000 after purchasing an additional 627 shares in the last quarter.

TIM Price Performance

TIM stock traded down $0.26 during midday trading on Friday, reaching $25.68. 200,937 shares of the stock were exchanged, compared to its average volume of 381,492. The company’s fifty day moving average is $26.22 and its 200-day moving average is $23.75. 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 has a market cap of $12.43 billion, a PE ratio of 16.05, a PEG ratio of 0.66 and a beta of 0.43. TIM has a 52 week low of $16.21 and a 52 week high of $28.22.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, February 10th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.84%. On average, sell-side analysts forecast that TIM will post 1.88 EPS for the current year.

TIM Announces Dividend

The company also recently announced a special dividend, which will be paid on Thursday, May 7th. Investors of record on Monday, March 30th will be issued a dividend of $0.1552 per share. The ex-dividend date of this dividend is Monday, March 30th. TIM’s dividend payout ratio is 68.75%.

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