TIM (NYSE:TIMB) Reaches New 1-Year Low Following Analyst Downgrade

Tim S.A. (NYSE:TIMB) reached a new 52-week low during mid-day trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $16.20 to $14.00. The Goldman Sachs Group currently has a neutral rating on the stock. TIM traded as low as $11.76 and last traded at $11.82, with a volume of 754027 shares trading hands. The stock had previously closed at $12.33.

Several other research analysts also recently weighed in on TIMB. Barclays dropped their target price on TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research note on Tuesday, November 12th. UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Finally, Scotiabank decreased their price objective on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TIMB. Stifel Financial Corp raised its position in shares of TIM by 1.0% in the third quarter. Stifel Financial Corp now owns 85,050 shares of the company’s stock valued at $1,465,000 after buying an additional 822 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in TIM by 108.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock valued at $25,000 after acquiring an additional 835 shares during the last quarter. QRG Capital Management Inc. lifted its stake in TIM by 7.9% in 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 in the last quarter. DGS Capital Management LLC boosted its holdings in shares of TIM by 4.4% during the 3rd quarter. DGS Capital Management LLC now owns 32,682 shares of the company’s stock worth $563,000 after purchasing an additional 1,367 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of TIM in the third quarter valued at approximately $25,000.

TIM Stock Performance

The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 9.71, a PEG ratio of 0.57 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The firm has a fifty day moving average of $13.92 and a 200 day moving average of $15.05.

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

TIM Increases Dividend

The business 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 $0.1723 dividend. This is a positive change from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 annualized dividend and a dividend yield of 5.63%. The ex-dividend date is Monday, December 30th. TIM’s dividend payout ratio is currently 26.19%.

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.