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

Shares of Tim S.A. (NYSE:TIMB) gapped up prior to trading on Tuesday . The stock had previously closed at $13.54, but opened at $14.33. TIM shares last traded at $14.33, with a volume of 48,376 shares.

Analysts Set New Price Targets

TIMB has been the topic of several research analyst reports. The Goldman Sachs Group lowered their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, December 19th. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Scotiabank decreased their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research report on Tuesday, November 5th. Finally, Barclays decreased their price objective on TIM from $17.50 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th.

TIM Trading Up 7.8 %

The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $7.07 billion, a P/E ratio of 11.54, a P/E/G ratio of 0.60 and a beta of 0.84. The business’s fifty day simple moving average is $12.52 and its two-hundred day simple moving average is $14.46.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.04). TIM had a return on equity of 11.73% and a net margin of 12.71%. As a group, analysts forecast that Tim S.A. will post 1.16 earnings per share for the current year.

TIM Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Shareholders of record on Monday, December 30th were given a $0.1723 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 4.72%. This is a positive change from TIM’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, December 30th. TIM’s dividend payout ratio (DPR) is presently 56.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp grew its position in TIM by 1.0% in the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after purchasing an additional 822 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of TIM by 7.9% during the 3rd quarter. QRG Capital Management Inc. now owns 14,881 shares of the company’s stock worth $256,000 after buying an additional 1,085 shares during the last quarter. DGS Capital Management LLC grew its holdings in shares of TIM by 4.4% in the 3rd quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock valued at $563,000 after acquiring an additional 1,367 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of TIM in the third quarter valued at about $25,000. Finally, Global Retirement Partners LLC raised its holdings in TIM by 1,005.0% during the fourth quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock worth $29,000 after acquiring an additional 2,211 shares in 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.