TIM (NYSE:TIMB) Shares Gap Up – Time to Buy?

TIM S.A. Sponsored ADR (NYSE:TIMB – Get Free Report)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $17.83, but opened at $19.80. TIM shares last traded at $19.9260, with a volume of 274,490 shares trading hands.

Analyst Ratings Changes

TIMB has been the subject of several recent analyst reports. Morgan Stanley reaffirmed a “market perform” rating and set a $22.00 price objective on shares of TIM in a report on Thursday, August 20th. Barclays dropped their target price 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. Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a report on Monday, June 22nd. Weiss Ratings cut shares of TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, September 14th. Finally, Wall Street Zen downgraded TIM from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, TIM presently has an average rating of “Hold” and an average target price of $24.82.

View Our Latest Stock Analysis on TIMB

TIM Stock Down 1.8%

The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $9.07 billion, a P/E ratio of 11.22, a PEG ratio of 1.29 and a beta of 0.33. The firm has a 50-day moving average price of $18.34 and a two-hundred day moving average price of $21.67.

TIM (NYSE:TIMB – Get Free Report) last announced its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. The business had revenue of $1.35 billion for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. Equities research analysts anticipate that TIM S.A. Sponsored ADR will post 1.82 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. Investors of record on Monday, September 28th will be given a $0.2102 dividend. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio (DPR) is 62.13%.

Institutional Investors Weigh In On TIM

Institutional investors have recently bought and sold shares of the business. Inspire Investing LLC boosted its stake in TIM by 10.1% in the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock valued at $111,000 after buying an additional 386 shares in the last quarter. DGS Capital Management LLC grew its position in TIM by 1.9% in the first quarter. DGS Capital Management LLC now owns 40,919 shares of the company’s stock valued at $1,084,000 after acquiring an additional 753 shares during the period. Kathmere Capital Management LLC raised its stake in TIM by 5.0% during the first quarter. Kathmere Capital Management LLC now owns 16,554 shares of the company’s stock worth $439,000 after acquiring an additional 787 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in TIM during the second quarter worth $25,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of TIM by 3.3% during the first quarter. Lazard Asset Management LLC now owns 37,655 shares of the company’s stock valued at $997,000 after acquiring an additional 1,220 shares during the period.

About TIM

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for TIM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIM and related companies with MarketBeat.com's FREE daily email newsletter.