TIM S.A. Sponsored ADR (NYSE:TIMB) Short Interest Up 47.4% in January

TIM S.A. Sponsored ADR (NYSE:TIMB) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 2,962,544 shares, a growth of 47.4% from the December 31st total of 2,009,622 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 588,333 shares, the days-to-cover ratio is currently 5.0 days. Based on an average daily volume of 588,333 shares, the days-to-cover ratio is currently 5.0 days. Approximately 0.6% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of research firms have recently commented on TIMB. Hsbc Global Res upgraded TIM from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Jefferies Financial Group lowered shares of TIM from a “buy” rating to a “hold” rating in a report on Wednesday, November 19th. Zacks Research raised shares of TIM from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 15th. Bank of America initiated coverage on shares of TIM in a research report on Thursday, December 11th. They issued an “underperform” rating and a $24.00 target price on the stock. Finally, HSBC upgraded shares of TIM from a “hold” rating to a “buy” rating and upped their price target for the stock from $21.00 to $27.00 in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.25.

TIM Stock Performance

NYSE:TIMB opened at $23.30 on Friday. The company has a market cap of $11.28 billion, a P/E ratio of 15.96, a P/E/G ratio of 0.74 and a beta of 0.50. TIM has a twelve month low of $13.10 and a twelve month high of $24.40. The company’s 50-day moving average price is $21.53 and its 200-day moving average price is $21.29. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.

TIM (NYSE:TIMB) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. TIM had a net margin of 15.35% and a return on equity of 15.72%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.21 billion. On average, sell-side analysts forecast that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 29th were paid a dividend of $0.6784 per share. The ex-dividend date of this dividend was Monday, December 29th. TIM’s payout ratio is 96.58%.

Institutional Trading of TIM

A number of hedge funds and other institutional investors have recently modified their holdings of TIMB. Global Retirement Partners LLC raised its holdings in shares of TIM by 5,590.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,195 shares of the company’s stock worth $27,000 after acquiring an additional 1,174 shares during the period. TD Private Client Wealth LLC purchased a new stake in shares of TIM in the third quarter valued at about $28,000. EverSource Wealth Advisors LLC raised its stake in TIM by 188.1% during the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after purchasing an additional 1,345 shares during the period. Hantz Financial Services Inc. raised its stake in TIM by 303.1% during the second quarter. Hantz Financial Services Inc. now owns 2,064 shares of the company’s stock worth $42,000 after purchasing an additional 1,552 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in TIM in the 2nd quarter valued at about $42,000.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA