TIM (NYSE:TIMB) Sets New 12-Month Low - Should You Sell?

Shares of Tim S.A. (NYSE:TIMB - Get Free Report) reached 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.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. The Goldman Sachs Group decreased their price objective on TIM from $16.20 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, December 19th. Barclays lowered their price objective 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 on the stock in a research report on Tuesday, November 5th. Finally, UBS Group cut shares of TIM from a "buy" rating to a "neutral" rating in a research report on Monday, December 9th.

TIM Trading Up 0.3 %

The business has a 50 day moving average of $13.58 and a 200 day moving average of $14.94. The firm has a market capitalization 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 debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93.

TIM (NYSE:TIMB - Get Free Report) last announced its quarterly 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%. As a group, research analysts predict that Tim S.A. will post 1.2 earnings per share for the current fiscal year.

TIM Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be issued a $0.1723 dividend. The ex-dividend date is Monday, December 30th. This is a positive change 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 (DPR) is 53.97%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its holdings in TIM by 7.8% during the 2nd quarter. Victory Capital Management Inc. now owns 46,912 shares of the company's stock worth $672,000 after buying an additional 3,408 shares during the period. Custom Index Systems LLC bought a new stake in shares of TIM during the second quarter worth $287,000. Caprock Group LLC acquired a new stake in shares of TIM during the second quarter worth $202,000. Daiwa Securities Group Inc. lifted its position in TIM by 69.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 22,000 shares of the company's stock valued at $315,000 after acquiring an additional 9,000 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in TIM by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 284,714 shares of the company's stock worth $4,077,000 after purchasing an additional 15,501 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.