TIM (NYSE:TIMB) Hits New 52-Week Low – What’s Next?

Tim S.A. (NYSE:TIMB)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.55 and last traded at $12.61, with a volume of 466593 shares trading hands. The stock had previously closed at $12.71.

Analyst Ratings Changes

Several brokerages recently commented 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 report on Tuesday, November 12th. Scotiabank dropped their price objective 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, UBS Group lowered TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th.

TIM Stock Down 0.9 %

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 stock’s fifty day moving average is $14.27 and its two-hundred day moving average is $15.17.

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

TIM Cuts Dividend

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

Institutional Trading of TIM

A number of hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in shares of TIM by 11.7% during the second quarter. Renaissance Technologies LLC now owns 1,364,048 shares of the company’s stock valued at $19,533,000 after acquiring an additional 142,862 shares during the period. Itau Unibanco Holding S.A. boosted its stake in TIM by 55.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 1,073,450 shares of the company’s stock worth $18,485,000 after purchasing an additional 384,500 shares during the period. Millennium Management LLC grew its position in TIM by 16.0% during the 2nd quarter. Millennium Management LLC now owns 923,532 shares of the company’s stock worth $13,225,000 after purchasing an additional 127,465 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in TIM by 137.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock valued at $12,187,000 after purchasing an additional 409,992 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of TIM in the third quarter valued at $12,054,000.

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.