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

TIM S.A. Sponsored ADR (NYSE:TIMB)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $18.89 and last traded at $19.05, with a volume of 23492 shares trading hands. The stock had previously closed at $19.17.

Wall Street Analyst Weigh In

TIMB has been the subject of a number of research reports. Scotiabank increased their target price on shares of TIM from $27.00 to $28.50 and gave the stock a “sector perform” rating in a report on Wednesday, May 27th. Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a research note on Monday, June 22nd. Bradesco Corretora lowered shares of TIM to a “neutral” rating in a report on Tuesday, April 28th. Zacks Research cut shares of TIM from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Finally, Wall Street Zen downgraded shares of TIM from a “strong-buy” rating to a “buy” rating in a research note on Monday, May 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, TIM has a consensus rating of “Hold” and a consensus price target of $25.23.

TIM Stock Down 1.8%

The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85. The stock’s fifty day simple moving average is $21.58 and its two-hundred day simple moving average is $23.84. The stock has a market capitalization of $9.12 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 0.97 and a beta of 0.38.

TIM (NYSE:TIMB) last released its quarterly earnings results on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. As a group, research analysts expect that TIM S.A. Sponsored ADR will post 1.85 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, July 29th. Investors of record on Monday, June 29th were issued a $0.1618 dividend. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio is presently 66.86%.

Insider Buying and Selling at TIM

In other TIM news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $4.32, for a total value of $151,200.00. Following the sale, the chief financial officer owned 83,259 shares in the company, valued at approximately $359,678.88. The trade was a 29.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Auana Mattar Lima sold 8,200 shares of the stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $4.42, for a total value of $36,244.00. Following the completion of the sale, the insider directly owned 36,686 shares of the company’s stock, valued at approximately $162,152.12. The trade was a 18.27% decrease in their position. The disclosure for this sale is available in the SEC filing.

Hedge Funds Weigh In On TIM

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC boosted its holdings in TIM by 10.1% in the first quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock valued at $111,000 after acquiring an additional 386 shares during the last quarter. Wells Fargo & Company MN raised its holdings in TIM by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after purchasing an additional 494 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in TIM by 23.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock worth $51,000 after purchasing an additional 504 shares during the last quarter. NewEdge Advisors LLC raised its holdings in TIM by 5.2% during the 4th quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock worth $283,000 after purchasing an additional 714 shares during the last quarter. Finally, DGS Capital Management LLC lifted its position in shares of TIM by 1.9% in the 1st quarter. DGS Capital Management LLC now owns 40,919 shares of the company’s stock worth $1,084,000 after purchasing an additional 753 shares during the period.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA