TIM (NYSE:TIMB) Sees Large Volume Increase – Should You Buy?

TIM S.A. Sponsored ADR (NYSE:TIMB) saw unusually-strong trading volume on Thursday. 383,937 shares traded hands during mid-day trading, a decline of 17% from the previous session’s volume of 459,966 shares. The stock last traded at $18.6490 and had previously closed at $18.30.

Analyst Ratings Changes

Several analysts have weighed in on TIMB shares. Wall Street Zen downgraded TIM from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings raised TIM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. Bank of America upgraded shares of TIM from an “underperform” rating to a “neutral” rating in a report on Tuesday. Finally, Barclays decreased their target price on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, TIM presently has a consensus rating of “Hold” and a consensus target price of $24.82.

TIM Stock Performance

The company has a market capitalization of $8.96 billion, a PE ratio of 11.07, a PEG ratio of 1.21 and a beta of 0.33. The business’s 50-day moving average is $18.29 and its 200-day moving average is $21.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85.

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

TIM Dividend Announcement

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

Institutional Trading of TIM

Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC grew its stake in TIM by 55.5% in the first quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock worth $3,578,000 after purchasing an additional 48,232 shares in the last quarter. Bank of America Corp DE increased its holdings in TIM by 199.8% during the 1st quarter. Bank of America Corp DE now owns 251,330 shares of the company’s stock worth $6,658,000 after purchasing an additional 167,504 shares during the period. Assetmark Inc. increased its holdings in TIM by 19.0% during the 1st quarter. Assetmark Inc. now owns 490,478 shares of the company’s stock worth $12,993,000 after purchasing an additional 78,379 shares during the period. Dimensional Fund Advisors LP raised its position in TIM by 2.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 94,380 shares of the company’s stock valued at $2,500,000 after purchasing an additional 2,437 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in TIM during the 1st quarter valued at $127,000.

TIM Company Profile

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

The company operates a nationwide telecommunications network in Brazil and serves customers through retail stores, digital channels and business-focused sales operations. TIM also provides enterprise services such as connectivity, information technology and communications solutions, including products related to the Internet of Things, cloud computing and managed networks.

TIM SA traces its roots to the launch of TIM Brasil in the late 1990s and is part of the Telecom Italia Group.