TIM (NYSE:TIMB) Reaches New 1-Year Low – Should You Sell?

Tim S.A. (NYSE:TIMB) shares hit a new 52-week low during trading on Thursday . The company traded as low as $11.76 and last traded at $11.82, with a volume of 754027 shares. The stock had previously closed at $12.33.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TIMB shares. 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. Scotiabank cut their target price on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a report on Tuesday, November 5th. Finally, UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

TIM Stock Down 4.1 %

The company has a current ratio of 0.97, a quick ratio of 0.93 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $14.05 and a two-hundred day moving average of $15.10. The company has a market cap of $5.72 billion, a price-to-earnings ratio of 9.38, a PEG ratio of 0.57 and a beta of 0.84.

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

Institutional Trading of TIM

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