TIM (NYSE:TIMB) Sees Unusually-High Trading Volume – Time to Buy?

Tim S.A. (NYSE:TIMB) saw unusually-strong trading volume on Tuesday . Approximately 657,975 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 379,236 shares.The stock last traded at $12.08 and had previously closed at $11.86.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TIMB. Barclays dropped their price target on TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. Scotiabank lowered their price target on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group cut their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th.

TIM Price Performance

The business has a fifty day moving average of $13.18 and a 200-day moving average of $14.82. 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 firm has a market cap of $5.87 billion, a PE ratio of 9.62, a PEG ratio of 0.57 and a beta of 0.83.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The company had revenue of $1.16 billion during the quarter. As a group, research analysts predict that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be given a $0.1723 dividend. This represents a $0.69 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Monday, December 30th. This is a boost from TIM’s previous quarterly dividend of $0.09. TIM’s dividend payout ratio (DPR) is presently 53.97%.

Institutional Trading of TIM

Institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in TIM during the 3rd quarter worth approximately $25,000. EverSource Wealth Advisors LLC increased its stake 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 worth $25,000 after buying an additional 835 shares during the period. Inspire Advisors LLC bought a new stake in TIM during the 3rd quarter valued at $173,000. Jane Street Group LLC purchased a new stake in shares of TIM during the third quarter worth about $215,000. Finally, Creative Planning bought a new stake in shares of TIM in the third quarter worth about $216,000.

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.