TIM (NYSE:TIMB) Hits New 52-Week High – Still a Buy?

TIM S.A. Sponsored ADR (NYSE:TIMB)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.74 and last traded at $27.0740, with a volume of 864540 shares. The stock had previously closed at $25.22.

Wall Street Analyst Weigh In

TIMB has been the subject of a number of recent research reports. Jefferies Financial Group downgraded TIM from a “buy” rating to a “hold” rating in a research report on Wednesday, November 19th. HSBC raised TIM from a “hold” rating to a “buy” rating and upped their target price for the company from $21.00 to $27.00 in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of TIM in a research note on Monday, December 29th. Scotiabank reaffirmed a “sector perform” rating and set a $23.60 price objective on shares of TIM in a research note on Wednesday, November 5th. Finally, Barclays raised their target price on shares of TIM from $21.00 to $23.50 and gave the stock an “equal weight” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $23.25.

TIM Trading Down 3.9%

The company has a market cap of $12.63 billion, a PE ratio of 16.31, a PEG ratio of 0.81 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.94 and a current ratio of 0.89. The company has a 50 day simple moving average of $21.99 and a two-hundred day simple moving average of $21.75.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TIM had a net margin of 16.28% and a return on equity of 17.84%. Sell-side analysts forecast that TIM S.A. Sponsored ADR will post 1.34 EPS for the current year.

TIM Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 29th were paid a $0.6784 dividend. The ex-dividend date of this dividend was Monday, December 29th. TIM’s dividend payout ratio is 88.13%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TIMB. Royal Bank of Canada raised its stake in shares of TIM by 1.3% during the 1st quarter. Royal Bank of Canada now owns 62,008 shares of the company’s stock worth $970,000 after purchasing an additional 789 shares in the last quarter. Amundi acquired a new position in TIM in the first quarter worth approximately $87,000. Goldman Sachs Group Inc. increased 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 worth $16,539,000 after buying an additional 47,130 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in TIM by 18.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,268 shares of the company’s stock valued at $389,000 after acquiring an additional 3,016 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in TIM in the second quarter valued at approximately $387,000.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA