TIM (NYSE:TIMB) shares drop to $16.71

Tim SA (NYSE:TIMB – Get Free Report ) share price fell in pre-market trading on Thursday. The stock had previously closed at $16.71 but opened at $16.27. TIM shares last traded at $16.27, with a volume of 68,268 shares changing hands.

Analysts on Wall Street are forecasting an increase

Separately, Barclays reduced their target price on TIM from $19.00 to $18.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd.

Get our latest analysis on TIMB

TIM trading up 2.7%

The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.85, and a current ratio of 0.88. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 13.49, a P/E/G ratio of 0.75 and a beta of 0.87. The company has a 50 day moving average price of $15.14 and a two hundred day moving average price of $16.59.

TIM (NYSE:TIMB – Get Your Free Report ) last posted its earnings results on Tuesday, July 30th. The company reported $0.31 earnings per share (EPS) for the quarter. The company had revenue of $1.21 billion during the quarter. TIM had a return on equity of 11.47% and a net margin of 12.53%. On average, research analysts forecast that Tim SA will post 1.18 EPS for the current year.

TIM increases dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 30th. Stockholders of record on Thursday, June 27th were issued a $0.1154 dividend. This is a boost from TIM’s previous quarterly dividend of $0.08. This represents an annualized dividend of $0.46 and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, June 27th. TIM’s dividend payout ratio is currently 27.64%.

Institutional trading of TIM

Several large investors have recently added to or reduced their stakes in TIMB. Crossmark Global Holdings Inc. acquired a new position in shares of TIM in the second quarter worth $8,818,000. Itau Unibanco Holding SA increased its position in TIM by 90.8% in the second quarter. Itau Unibanco Holding SA now owns 688,950 shares of the company’s stock worth $9,847,000 after purchasing an additional 327,874 shares in the last quarter. Summit Global Investments grew its position in TIM by 147.6% in the second quarter. Summit Global Investments now owns 325,462 shares of the company’s stock valued at $4,661,000 after purchasing an additional 193,996 shares in the last quarter. Renaissance Technologies LLC raised its position in TIM by 11.7% in the second quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock valued at $19,533,000 after purchasing an additional 142,862 shares during the last quarter. Finally, Millennium Management LLC raised its stake in TIM by 16.0% in the second quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock valued at $13,225,000 after buying an additional 127,465 shares during the period.

TIM company profile

(Get a free report)

TIM SA, a telecommunications company, provides mobile voice, data and broadband services in Brazil. The company provides mobile, landline, long distance and data transmission services. It also offers fixed ultra-broadband, fixed ultra-broadband and digital content services. The company serves individuals and corporates as well as small, medium and large companies.

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