TIM (NYSE:TIMB) Sets New 12-Month Low – Should You Sell?

Tim S.A. (NYSE:TIMB) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.55 and last traded at $12.61, with a volume of 466593 shares changing hands. The stock had previously closed at $12.71.

Analysts Set New Price Targets

TIMB has been the subject of a number of analyst reports. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday. Barclays lowered their price objective on TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research note on Tuesday, November 12th. Finally, Scotiabank cut their target price on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research report on Tuesday, November 5th.

TIM Stock Performance

The stock has a market capitalization of $6.10 billion, a PE ratio of 10.05, a PEG ratio of 0.60 and a beta of 0.84. The business’s 50 day moving average is $14.34 and its 200 day moving average is $15.20. 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 announced its earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). TIM had a net margin of 12.71% and a return on equity of 11.73%. The business had revenue of $1.16 billion for the quarter. On average, equities research analysts predict that Tim S.A. will post 1.2 earnings per share for the current fiscal year.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Shareholders of record on Monday, September 30th were given a $0.088 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.35 annualized dividend and a yield of 2.79%. TIM’s dividend payout ratio (DPR) is 26.19%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in TIM by 108.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $25,000 after purchasing an additional 835 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of TIM in the 3rd quarter worth approximately $25,000. CWM LLC raised its stake in shares of TIM by 105.7% during the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock worth $35,000 after acquiring an additional 1,270 shares in the last quarter. Blue Trust Inc. lifted its position in TIM by 298.2% during the second quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock valued at $100,000 after acquiring an additional 5,222 shares during the last quarter. Finally, Inspire Advisors LLC acquired a new stake in TIM in the third quarter valued at approximately $173,000.

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.