TIM (NYSE:TIMB) Sets New 1-Year Low – Time to Sell?

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

Analyst Ratings Changes

A number of analysts have recently commented on the company. UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group decreased their price objective on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a report on Thursday, December 19th. Scotiabank cut their target price 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, Barclays decreased 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 note on Tuesday, November 12th.

TIM Stock Performance

The stock has a 50 day moving average of $12.99 and a two-hundred day moving average of $14.74. The stock has a market capitalization of $5.52 billion, a PE ratio of 9.05, a P/E/G ratio of 0.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93.

TIM (NYSE:TIMB) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.09). TIM had a return on equity of 11.73% and a net margin of 12.71%. The company had revenue of $1.16 billion for the quarter. Research analysts expect that Tim S.A. will post 1.2 EPS for the current fiscal year.

TIM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be paid a $0.1723 dividend. 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 yield of 6.04%. TIM’s payout ratio is presently 53.97%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Stifel Financial Corp lifted 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 buying an additional 822 shares during the period. State Street Corp boosted its position in shares of TIM by 16.7% in the third quarter. State Street Corp now owns 583,724 shares of the company’s stock worth $10,207,000 after acquiring an additional 83,468 shares during the last quarter. Meritage Portfolio Management purchased a new stake in TIM in the third quarter valued at approximately $3,683,000. Public Employees Retirement System of Ohio purchased a new position in TIM during the third quarter worth approximately $1,089,000. Finally, Daiwa Securities Group Inc. raised its position in shares of TIM by 69.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,000 shares of the company’s stock worth $315,000 after buying an additional 9,000 shares during the period.

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.