TIM (NYSE:TIMB) Sees Strong Trading Volume - Should You Buy?

Tim S.A. (NYSE:TIMB - Get Free Report) shares saw strong trading volume on Tuesday . 657,975 shares changed 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.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TIMB. UBS Group lowered shares of TIM from a "buy" rating to a "neutral" rating in a research note on Monday, December 9th. Scotiabank decreased their price target on shares of TIM from $24.80 to $23.20 and set a "sector outperform" rating for the company in a research note on Tuesday, November 5th. The Goldman Sachs Group cut their price objective 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. Finally, Barclays decreased their target price on TIM from $18.00 to $17.50 and set an "equal weight" rating for the company in a research report on Tuesday, November 12th.

TIM Stock Performance

The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 9.62, a P/E/G ratio of 0.57 and a beta of 0.83. The company's fifty day simple moving average is $13.14 and its two-hundred day simple moving average is $14.80. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93.

TIM (NYSE:TIMB - Get Free Report) last announced 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 business had revenue of $1.16 billion during the quarter. TIM had a net margin of 12.71% and a return on equity of 11.73%. On average, analysts forecast that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be issued a dividend of $0.1723 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.69 annualized dividend and a yield of 5.68%. This is an increase from TIM's previous quarterly dividend of $0.09. TIM's dividend payout ratio is 53.97%.

Hedge Funds Weigh In On TIM

Several large investors have recently bought and sold shares of TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in TIM in the third quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in shares of TIM by 108.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company's stock worth $25,000 after purchasing an additional 835 shares during the period. Inspire Advisors LLC purchased a new position in shares of TIM in the 3rd quarter worth about $173,000. Jane Street Group LLC bought a new position in TIM during the third quarter valued at about $215,000. Finally, Creative Planning purchased a new stake in TIM during 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.