Tim S.A. (NYSE:TIMB) Sees Large Decline in Short Interest

Tim S.A. (NYSE:TIMB) was the recipient of a large drop in short interest during the month of December. As of December 15th, there was short interest totalling 798,300 shares, a drop of 34.0% from the November 30th total of 1,210,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 549,800 shares, the days-to-cover ratio is presently 1.5 days.

Wall Street Analysts Forecast Growth

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

Institutional Trading of TIM

Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp raised its stake in shares of TIM by 1.0% in the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock worth $1,465,000 after purchasing an additional 822 shares during the last quarter. State Street Corp increased its holdings in TIM by 16.7% in the 3rd quarter. State Street Corp now owns 583,724 shares of the company’s stock worth $10,207,000 after buying an additional 83,468 shares in the last quarter. Meritage Portfolio Management purchased a new position in TIM in the 3rd quarter worth about $3,683,000. Public Employees Retirement System of Ohio bought a new position in TIM during the 3rd quarter valued at about $1,089,000. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of TIM by 69.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 22,000 shares of the company’s stock valued at $315,000 after acquiring an additional 9,000 shares during the last quarter.

TIM Stock Up 0.3 %

TIMB traded up $0.04 during midday trading on Friday, reaching $11.85. The company’s stock had a trading volume of 463,611 shares, compared to its average volume of 479,582. The stock’s 50-day moving average is $13.58 and its 200-day moving average is $14.94. TIM has a 1 year low of $11.65 and a 1 year high of $19.14. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.57 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52.

TIM (NYSE:TIMB) last posted its quarterly earnings results 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). The company had revenue of $1.16 billion during the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. As a group, research analysts expect that TIM will post 1.2 EPS for the current year.

TIM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Monday, December 30th will be given a $0.1723 dividend. This represents a $0.69 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend is Monday, December 30th. This is a positive change from TIM’s previous quarterly dividend of $0.09. TIM’s payout ratio is currently 53.97%.

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.