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

TIM S.A. Sponsored ADR (NYSE:TIMB) was the target of a large decline in short interest during 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 trading volume of 546,428 shares, the days-to-cover ratio is presently 6.2 days. Currently, 0.7% of the shares of the stock are short sold.

TIM Trading Down 1.0%

TIM stock traded down $0.26 during mid-day trading on Friday, hitting $25.68. The company’s stock had a trading volume of 200,937 shares, compared to its average volume of 381,492. The company has a 50 day moving average of $26.22 and a 200-day moving average of $23.75. The stock has a market cap of $12.43 billion, a PE ratio of 16.05, a P/E/G ratio of 0.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.86 and a current ratio of 0.89. TIM has a one year low of $16.21 and a one year high of $28.22.

TIM (NYSE:TIMB) last announced its quarterly earnings data on Tuesday, February 10th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.30 billion. TIM had a return on equity of 17.84% and a net margin of 16.28%. On average, research analysts anticipate that TIM will post 1.88 EPS for the current year.

TIM Dividend Announcement

The company also recently announced a special dividend, which will be paid on Thursday, May 7th. Shareholders of record on Monday, March 30th will be issued a $0.1552 dividend. The ex-dividend date is Monday, March 30th. TIM’s dividend payout ratio is currently 68.13%.

Institutional Investors Weigh In On TIM

Several hedge funds have recently made changes to their positions in the company. Inspire Investing LLC lifted its holdings in shares of TIM by 10.1% in 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. Ritholtz Wealth Management lifted its stake in shares of TIM by 0.3% during the 3rd quarter. Ritholtz Wealth Management now owns 150,793 shares of the company’s stock worth $3,366,000 after purchasing an additional 441 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of TIM by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after purchasing an additional 494 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of TIM by 23.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock worth $51,000 after purchasing an additional 504 shares during the last quarter. Finally, Kathmere Capital Management LLC lifted its stake in shares of TIM by 4.4% during the 3rd quarter. Kathmere Capital Management LLC now owns 14,761 shares of the company’s stock worth $329,000 after purchasing an additional 627 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have issued reports on the company. New Street Research raised TIM from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 7th. Barclays boosted their target price on TIM from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Scotiabank boosted their target price on TIM from $23.60 to $29.50 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Citigroup downgraded TIM from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings raised TIM from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, TIM currently has a consensus rating of “Moderate Buy” and an average price target of $26.40.

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