TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Update

TIM S.A. Sponsored ADR (NYSE:TIMB) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 2,962,544 shares, an increase of 47.4% from the December 31st total of 2,009,622 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 588,333 shares, the days-to-cover ratio is presently 5.0 days. Based on an average daily volume of 588,333 shares, the days-to-cover ratio is presently 5.0 days. Approximately 0.6% of the company’s shares are sold short.

Analysts Set New Price Targets

Several equities analysts have weighed in on TIMB shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of TIM in a research report on Monday, December 29th. Bank of America started coverage on shares of TIM in a report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 price objective on the stock. Scotiabank reissued a “sector perform” rating and set a $23.60 target price on shares of TIM in a research report on Wednesday, November 5th. Citigroup lowered shares of TIM from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 21st. Finally, HSBC upgraded TIM from a “hold” rating to a “buy” rating and raised their price target for the stock from $21.00 to $27.00 in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $23.25.

TIM Price Performance

Shares of NYSE TIMB opened at $23.46 on Tuesday. The firm has a market capitalization of $11.36 billion, a P/E ratio of 16.07, a PEG ratio of 0.72 and a beta of 0.50. TIM has a one year low of $13.10 and a one year high of $24.40. The company’s fifty day moving average is $21.54 and its two-hundred day moving average is $21.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 0.96.

TIM (NYSE:TIMB) last issued its earnings results on Monday, November 3rd. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.21 billion. TIM had a net margin of 15.35% and a return on equity of 15.72%. Analysts forecast that TIM will post 1.34 EPS for the current fiscal year.

TIM Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were issued a $0.6784 dividend. The ex-dividend date of this dividend was Monday, December 29th. TIM’s dividend payout ratio is 95.89%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TIMB. Citadel Advisors LLC raised its position in shares of TIM by 878.4% in the third quarter. Citadel Advisors LLC now owns 370,982 shares of the company’s stock valued at $8,280,000 after buying an additional 333,066 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in TIM in the 3rd quarter worth approximately $2,393,000. American Century Companies Inc. raised its holdings in TIM by 26.4% in the 2nd quarter. American Century Companies Inc. now owns 445,578 shares of the company’s stock valued at $8,961,000 after acquiring an additional 93,179 shares during the last quarter. UBS Group AG lifted its stake in shares of TIM by 12.4% during the 4th quarter. UBS Group AG now owns 537,416 shares of the company’s stock worth $10,453,000 after purchasing an additional 59,136 shares during the period. Finally, Ritholtz Wealth Management boosted its holdings in shares of TIM by 55.0% during the second quarter. Ritholtz Wealth Management now owns 150,352 shares of the company’s stock worth $3,024,000 after purchasing an additional 53,326 shares during the last quarter.

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