TIM (NYSE:TIMB) Sets New 12-Month Low – What’s Next?

Tim S.A. (NYSE:TIMB) hit a new 52-week low on Friday . The stock traded as low as $11.72 and last traded at $11.72, with a volume of 1374 shares traded. The stock had previously closed at $11.81.

Analysts Set New Price Targets

Several equities research analysts recently commented on TIMB shares. 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. UBS Group downgraded shares of TIM from a “buy” rating to a “neutral” rating in a research report on Monday, December 9th. The Goldman Sachs Group reduced their target price on shares of TIM from $16.20 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, December 19th. Finally, Scotiabank decreased their target price on shares of TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a research note on Tuesday, November 5th.

TIM Stock Performance

The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 0.57 and a beta of 0.84. 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 has a 50 day moving average of $13.58 and a 200 day moving average of $14.94.

TIM (NYSE:TIMB) last posted 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 for the quarter. TIM had a return on equity of 11.73% and a net margin of 12.71%. As a group, equities research analysts expect that Tim S.A. will post 1.2 EPS for the current fiscal year.

TIM Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be issued a $0.1723 dividend. The ex-dividend date is Monday, December 30th. This is a boost from TIM’s previous quarterly dividend of $0.09. This represents a $0.69 annualized dividend and a yield of 5.81%. TIM’s dividend payout ratio is currently 53.97%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TIMB. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of TIM in the 3rd quarter worth approximately $12,054,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in TIM by 137.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,710 shares of the company’s stock worth $12,187,000 after purchasing an additional 409,992 shares during the last quarter. Itau Unibanco Holding S.A. lifted its stake in TIM by 55.8% during the third 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 last quarter. Meritage Portfolio Management acquired a new position in TIM in the third quarter worth $3,683,000. Finally, Renaissance Technologies LLC increased its stake in 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 purchasing an additional 142,862 shares during the last quarter.

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.