TIM (NYSE:TIMB) Sets New 12-Month Low – Time to Sell?

Tim S.A. (NYSE:TIMB) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $11.50 and last traded at $11.51, with a volume of 44155 shares changing hands. The stock had previously closed at $11.97.

Wall Street Analysts Forecast Growth

TIMB has been the subject of several research reports. Barclays reduced 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. The Goldman Sachs Group lowered their target price on TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, December 19th. Scotiabank lowered their price target on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group cut shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th.

TIM Stock Down 3.9 %

The stock has a fifty day moving average price of $13.04 and a two-hundred day moving average price of $14.76. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.52. The company has a market cap of $5.57 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 0.57 and a beta of 0.83.

TIM (NYSE:TIMB) last issued its quarterly earnings data 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). TIM had a return on equity of 11.73% and a net margin of 12.71%. The business had revenue of $1.16 billion during the quarter. As a group, sell-side analysts expect that Tim S.A. will post 1.2 EPS for the current year.

TIM Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Stockholders of record on Monday, December 30th will be issued a dividend of $0.1723 per share. This is an increase from TIM’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.69 annualized dividend and a dividend yield of 5.99%. TIM’s payout ratio is currently 53.97%.

Institutional Trading of TIM

Several institutional investors and hedge funds have recently modified their holdings of TIMB. DGS Capital Management LLC boosted its stake in shares of TIM by 4.4% in the 3rd quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock worth $563,000 after buying an additional 1,367 shares during the last quarter. World Investment Advisors LLC purchased a new stake in TIM in the 3rd quarter worth approximately $1,331,000. Public Employees Retirement System of Ohio purchased a new position in TIM during the third quarter worth about $1,089,000. Jane Street Group LLC purchased a new stake in TIM in the third quarter valued at approximately $215,000. Finally, State Street Corp increased its stake in TIM by 16.7% in the third quarter. State Street Corp now owns 583,724 shares of the company’s stock valued at $10,207,000 after acquiring an additional 83,468 shares during 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.