TIM (NYSE:TIMB) Sees Unusually-High Trading Volume – What’s Next?

TIM S.A. Sponsored ADR (NYSE:TIMB) shares saw unusually-high trading volume on Thursday. 841,741 shares were traded during trading, an increase of 73% from the average daily volume of 487,016 shares. The stock last traded at $17.9550 and had previously closed at $17.75.

Analyst Ratings Changes

TIMB has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of TIM from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Morgan Stanley reaffirmed a “market perform” rating and set a $22.00 target price on shares of TIM in a report on Thursday, August 20th. Bank of America upgraded shares of TIM from an “underperform” rating to a “neutral” rating in a research note on Tuesday, October 13th. Finally, Barclays reduced their target price on TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $24.82.

TIM Stock Up 0.3%

The stock has a 50-day moving average price of $18.40 and a 200-day moving average price of $22.12. The company has a market capitalization of $8.52 billion, a P/E ratio of 10.55, a P/E/G ratio of 1.76 and a beta of 0.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.82.

TIM (NYSE:TIMB) last released its quarterly earnings results on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. The firm had revenue of $1.35 billion during the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. On average, research analysts predict that TIM S.A. Sponsored ADR will post 1.82 EPS for the current fiscal year.

TIM Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Friday, January 29th. Stockholders of record on Monday, September 28th will be given a dividend of $0.2102 per share. The ex-dividend date is Monday, September 28th. TIM’s dividend payout ratio is 62.13%.

Institutional Investors Weigh In On TIM

Several large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in TIM in the second quarter valued at approximately $25,000. Eastern Bank bought a new position in shares of TIM during the 2nd quarter worth approximately $34,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of TIM during the 3rd quarter worth approximately $43,000. Integrated Wealth Concepts LLC acquired a new stake in shares of TIM during the 2nd quarter worth approximately $56,000. Finally, Inspire Investing LLC grew its position in shares of TIM by 10.1% during the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock worth $111,000 after buying an additional 386 shares during the period.

TIM Company Profile

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and public-sector customers. Its offerings include voice and data plans, mobile internet, broadband connectivity and related digital services.

The company operates a nationwide wireless network, including 4G and 5G services, and provides connectivity solutions for corporate and institutional customers. Its business portfolio also includes Internet of Things applications, managed connectivity and other digital and technology services.

TIM traces its Brazilian operations to the late 1990s and has developed into one of the country’s major mobile operators.