TIM (NYSE:TIMB) Sets New 52-Week Low – Here’s What Happened

Tim S.A. (NYSE:TIMB) reached 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.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Scotiabank dropped their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a research note on Tuesday, November 5th. Barclays reduced their price target on shares of TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. Finally, UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday.

TIM Price Performance

The firm has a market cap of $6.10 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.60 and a beta of 0.84. The stock has a 50 day simple moving average of $14.34 and a two-hundred day simple moving average of $15.20. 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 (NYSE:TIMB) 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 company had revenue of $1.16 billion for the quarter. TIM had a net margin of 12.71% and a return on equity of 11.73%. Sell-side analysts expect that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 30th. Investors of record on Monday, September 30th were given a dividend of $0.088 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.35 annualized dividend and a yield of 2.79%. TIM’s dividend payout ratio is presently 26.19%.

Hedge Funds Weigh In On TIM

Institutional investors and hedge funds have recently modified their holdings of the business. Stifel Financial Corp raised its position in TIM by 1.0% during the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock worth $1,465,000 after acquiring an additional 822 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of TIM by 108.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after purchasing an additional 835 shares in the last quarter. QRG Capital Management Inc. raised its position in shares of TIM by 7.9% during the 3rd quarter. QRG Capital Management Inc. now owns 14,881 shares of the company’s stock worth $256,000 after purchasing an additional 1,085 shares during the last quarter. CWM LLC raised its position 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 purchasing an additional 1,270 shares during the last quarter. Finally, DGS Capital Management LLC lifted its stake in TIM by 4.4% in the 3rd quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock valued at $563,000 after buying an additional 1,367 shares in the last quarter.

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.