TIM (NYSE:TIMB) Sets New 52-Week Low – Here’s Why

Tim S.A. (NYSE:TIMB) reached a new 52-week low 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.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays reduced their price target on TIM from $18.00 to $17.50 and set an “equal weight” rating for the company in a research report on Tuesday, November 12th. The Goldman Sachs Group lowered their price target on TIM from $16.20 to $14.00 and set a “neutral” rating for the company in a research 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 research report on Tuesday, November 5th. Finally, UBS Group cut TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th.

TIM Trading Down 3.9 %

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’s fifty day moving average is $13.04 and its two-hundred day moving average is $14.76. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of 9.13, a PEG ratio of 0.57 and a beta of 0.83.

TIM (NYSE:TIMB) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 EPS 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 firm had revenue of $1.16 billion for the quarter. On average, research analysts predict that Tim S.A. will post 1.2 EPS for the current fiscal year.

TIM Increases Dividend

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

Hedge Funds Weigh In On TIM

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

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.