TIM (NYSE:TIMB) Trading Up 0.4% – Should You Buy?

TIM S.A. Sponsored ADR (NYSE:TIMB) shot up 0.4% on Friday . The company traded as high as $22.17 and last traded at $22.1450. 604,283 shares changed hands during mid-day trading, an increase of 58% from the average session volume of 381,342 shares. The stock had previously closed at $22.05.

Analyst Ratings Changes

TIMB has been the topic of several research reports. New Street Research raised TIM from a “neutral” rating to a “buy” rating in a report on Tuesday, April 7th. Zacks Research cut TIM from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Barclays cut their price objective on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. The Goldman Sachs Group assumed coverage on TIM in a research note on Monday, May 18th. They set a “neutral” rating and a $23.40 price objective for the company. Finally, Wall Street Zen lowered TIM from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.23.

TIM Price Performance

The company has a 50 day moving average of $21.95 and a 200 day moving average of $23.76. The company has a current ratio of 0.92, a quick ratio of 0.89 and a debt-to-equity ratio of 0.58. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.14 and a beta of 0.38.

TIM (NYSE:TIMB) last posted its earnings results on Tuesday, May 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.02). TIM had a net margin of 16.00% and a return on equity of 17.77%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.32 billion. Equities research analysts predict that TIM S.A. Sponsored ADR will post 1.8 EPS for the current fiscal year.

TIM Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, July 29th. Investors of record on Monday, June 29th will be paid a dividend of $0.1618 per share. The ex-dividend date of this dividend is Monday, June 29th. TIM’s dividend payout ratio is presently 68.90%.

Insider Activity at TIM

In other TIM news, insider Auana Mattar Lima sold 8,200 shares of TIM stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the transaction, the insider owned 36,686 shares of the company’s stock, valued at approximately $162,152.12. The trade was a 18.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the completion of the transaction, the chief financial officer owned 83,259 shares of the company’s stock, valued at $359,678.88. This trade represents a 29.60% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On TIM

Several institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its holdings in 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 in the last quarter. Eastern Bank bought a new stake in shares of TIM in the second quarter valued at about $34,000. Kestra Advisory Services LLC acquired a new position in shares of TIM during the fourth quarter worth about $39,000. EverSource Wealth Advisors LLC boosted its position in shares of TIM by 188.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after buying an additional 1,345 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of TIM during the second quarter worth about $42,000.

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