TIM (NYSE:TIMB) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

TIM S.A. Sponsored ADR (NYSE:TIMB)’s stock price crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $18.43 and traded as high as $18.50. TIM shares last traded at $18.4440, with a volume of 719,450 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TIMB shares. Weiss Ratings cut shares of TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Wall Street Zen cut TIM from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Barclays cut their price target on TIM from $24.00 to $22.00 and set an “equal weight” rating on the stock in a research note on Monday, November 2nd. Bank of America raised TIM from an “underperform” rating to a “neutral” rating in a research report on Tuesday, October 13th. Finally, Morgan Stanley reaffirmed a “market perform” rating and set a $22.00 price objective on shares of TIM in a research report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $23.98.

TIM Trading Up 1.7%

The firm has a 50-day moving average price of $18.43 and a 200-day moving average price of $21.99. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85. The stock has a market cap of $8.82 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39.

TIM (NYSE:TIMB) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.03. TIM had a net margin of 15.73% and a return on equity of 17.99%. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.37 billion. As a group, equities analysts anticipate that TIM S.A. Sponsored ADR will post 1.79 EPS for the current fiscal year.

TIM Announces Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TIMB. Ameritas Advisory Services LLC purchased a new stake in shares of TIM during the second quarter valued at approximately $25,000. Eastern Bank bought a new stake in shares of TIM during the second quarter valued at approximately $34,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of TIM during the third quarter valued at approximately $43,000. Integrated Wealth Concepts LLC bought a new stake in shares of TIM during the second quarter valued at approximately $56,000. Finally, EverSource Wealth Advisors LLC raised its holdings in TIM by 73.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,544 shares of the company’s stock worth $120,000 after acquiring an additional 1,925 shares during the last quarter.

TIM Company Profile

TIM SA is a Brazilian telecommunications company that provides mobile voice and data services to consumers and businesses. Its offerings include mobile plans, internet access and digital services, supported by its wireless network.

The company also offers fixed broadband services, including fiber-optic internet, under the TIM brand. It serves customers across Brazil, with mobile coverage extending throughout the country.

TIM began operating in Brazil in 1998 and has since expanded its network and range of telecommunications services.