TIM (NYSE:TIMB) Hits New 1-Year Low - Here's What Happened

Tim S.A. (NYSE:TIMB - Get Free Report)'s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $11.76 and last traded at $11.82, with a volume of 754027 shares changing hands. The stock had previously closed at $12.33.

Analyst Upgrades and Downgrades

TIMB has been the topic of a number of recent research reports. Barclays lowered their price objective on TIM from $18.00 to $17.50 and set an "equal weight" rating on the stock in a research note on Tuesday, November 12th. UBS Group cut shares of TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th. Scotiabank cut their price objective on shares of TIM from $24.80 to $23.20 and set a "sector outperform" rating for the company in a research report on Tuesday, November 5th. Finally, 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 note on Thursday.

TIM Trading Up 1.9 %

The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 0.57 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.93 and a current ratio of 0.97. The company has a 50 day moving average price of $13.98 and a 200 day moving average price of $15.07.

TIM (NYSE:TIMB - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.09). The company 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, research analysts expect that Tim S.A. will post 1.2 earnings per share for the current year.

TIM Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 30th. Investors of record on Monday, December 30th will be given a dividend of $0.1723 per share. The ex-dividend date is Monday, December 30th. This represents a $0.69 dividend on an annualized basis and a dividend yield of 5.72%. This is a boost from TIM's previous quarterly dividend of $0.09. TIM's dividend payout ratio (DPR) is presently 26.19%.

Institutional Investors Weigh In On TIM

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in TIM by 108.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company's stock valued at $25,000 after acquiring an additional 835 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of TIM in the third quarter valued at approximately $25,000. CWM LLC increased its stake in TIM by 105.7% during the 2nd quarter. CWM LLC now owns 2,471 shares of the company's stock worth $35,000 after buying an additional 1,270 shares during the period. Blue Trust Inc. increased its stake in TIM by 298.2% during the 2nd quarter. Blue Trust Inc. now owns 6,973 shares of the company's stock worth $100,000 after buying an additional 5,222 shares during the period. Finally, Inspire Advisors LLC acquired a new stake in TIM during the 3rd quarter worth approximately $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.