TIM (NYSE:TIMB) Reaches New 12-Month Low – Here’s Why

Tim S.A. (NYSE:TIMB)’s stock price hit a new 52-week low during mid-day trading on Friday . The company 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 Ratings Changes

A number of equities analysts have recently weighed in on TIMB shares. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research note on Monday, December 9th. Scotiabank lowered their target price 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. Finally, Barclays cut their price target 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.

TIM Stock Down 0.9 %

The company’s 50-day simple moving average is $14.27 and its 200 day simple moving average is $15.17. 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 released its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.09). The business 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%. On average, equities research analysts predict that Tim S.A. will post 1.2 EPS for the current fiscal year.

TIM Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 30th. Stockholders of record on Monday, September 30th were issued a dividend of $0.088 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, September 30th. TIM’s dividend payout ratio is 26.98%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TIMB. EverSource Wealth Advisors LLC boosted its position in 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of TIM during the 3rd quarter worth $25,000. CWM LLC grew its stake in TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after buying an additional 1,270 shares during the last quarter. Blue Trust Inc. raised its holdings in TIM by 298.2% in the 2nd quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock worth $100,000 after acquiring an additional 5,222 shares during the period. Finally, Inspire Advisors LLC bought a new position in TIM in the 3rd quarter worth $173,000.

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.