Tim S.A. (NYSE:TIMB) Short Interest Update

Tim S.A. (NYSE:TIMB) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 1,470,000 shares, a growth of 27.8% from the February 13th total of 1,150,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 587,900 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TIMB shares. Scotiabank decreased their price objective on shares of TIM from $23.20 to $17.60 and set a “sector outperform” rating for the company in a research note on Wednesday, February 12th. The Goldman Sachs Group decreased their price objective on shares of TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, December 19th. Barclays raised their price objective on shares of TIM from $16.00 to $16.50 and gave the stock an “equal weight” rating in a research note on Monday. Finally, UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th.

TIM Stock Down 0.6 %

Shares of TIM stock traded down $0.09 during midday trading on Tuesday, reaching $15.07. 595,165 shares of the company’s stock traded hands, compared to its average volume of 489,426. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.67 and a beta of 0.84. The company’s 50 day simple moving average is $13.67 and its 200 day simple moving average is $14.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. TIM has a 52 week low of $11.32 and a 52 week high of $18.78.

TIM (NYSE:TIMB) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). TIM had a net margin of 12.24% and a return on equity of 11.91%. Equities analysts expect that TIM will post 1.34 earnings per share for the current fiscal year.

TIM Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.0717 per share. The ex-dividend date of this dividend is Friday, February 21st. This represents a $0.29 dividend on an annualized basis and a dividend yield of 1.90%. TIM’s dividend payout ratio is currently 51.69%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in TIM in the 3rd quarter valued at $25,000. Global Retirement Partners LLC grew its stake in TIM by 1,005.0% in the 4th quarter. Global Retirement Partners LLC now owns 2,431 shares of the company’s stock valued at $29,000 after buying an additional 2,211 shares during the last quarter. R Squared Ltd acquired a new position in TIM in the 4th quarter valued at $53,000. Point72 Hong Kong Ltd acquired a new position in TIM in the 4th quarter valued at $54,000. Finally, EntryPoint Capital LLC acquired a new position in TIM in the 4th quarter valued at $146,000.

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.