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

Tim S.A. (NYSE:TIMB)’s stock price 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 traded.

Analyst Upgrades and Downgrades

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

TIM Price Performance

The business’s 50-day moving average price is $12.56 and its 200 day moving average price is $14.56. The company has a market capitalization of $6.39 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 0.58 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The firm had revenue of $1.16 billion for the quarter. Analysts anticipate that Tim S.A. will post 1.16 EPS for the current fiscal year.

TIM Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be issued a $0.1723 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.69 annualized dividend and a dividend yield of 5.22%. This is a boost from TIM’s previous quarterly dividend of $0.09. TIM’s dividend payout ratio (DPR) is presently 54.76%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in TIM during the third quarter valued at approximately $25,000. R Squared Ltd bought a new stake in shares of TIM during the 4th quarter worth $53,000. Inspire Advisors LLC purchased a new position in TIM in the third quarter worth $173,000. Jane Street Group LLC bought a new position in TIM in the third quarter valued at $215,000. Finally, Creative Planning purchased a new stake in TIM during the third quarter valued at 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.