TIM (NYSE:TIMB) Shares Gap Up – What’s Next?

Shares of Tim S.A. (NYSE:TIMB) gapped up prior to trading on Monday . The stock had previously closed at $12.73, but opened at $13.11. TIM shares last traded at $12.96, with a volume of 51,111 shares changing hands.

Wall Street Analyst Weigh In

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

TIM Price Performance

The stock has a market cap of $6.33 billion, a P/E ratio of 10.35, a P/E/G ratio of 0.58 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The business has a 50 day simple moving average of $12.60 and a 200-day simple moving average of $14.59.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). The company had revenue of $1.16 billion for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. On average, sell-side analysts forecast that Tim S.A. will post 1.16 EPS for the current year.

TIM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be issued a dividend of $0.1723 per share. This represents a $0.69 annualized dividend and a yield of 5.27%. This is a positive change from TIM’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 30th. TIM’s dividend payout ratio is 54.76%.

Institutional Trading of TIM

Hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its holdings in TIM by 30.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 17,701 shares of the company’s stock worth $253,000 after acquiring an additional 4,172 shares during the last quarter. Hsbc Holdings PLC boosted its position in TIM by 11.8% during the second quarter. Hsbc Holdings PLC now owns 70,656 shares of the company’s stock worth $1,010,000 after purchasing an additional 7,482 shares during the period. XTX Topco Ltd increased its stake in shares of TIM by 26.1% in the second quarter. XTX Topco Ltd now owns 13,264 shares of the company’s stock worth $190,000 after purchasing an additional 2,746 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $25,000 after purchasing an additional 835 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of TIM by 217.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 87,719 shares of the company’s stock valued at $1,256,000 after buying an additional 60,102 shares in the last quarter.

TIM Company Profile

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.