TIM (NYSE:TIMB) Reaches New 12-Month Low - What's Next?

Tim S.A. (NYSE:TIMB - Get Free Report) shares reached a new 52-week low during trading on Friday . The stock traded as low as $11.50 and last traded at $11.51, with a volume of 44155 shares changing hands. The stock had previously closed at $11.97.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TIMB shares. The Goldman Sachs Group cut their price objective on TIM from $16.20 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, December 19th. UBS Group cut TIM from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Barclays decreased their price objective on TIM from $18.00 to $17.50 and set an "equal weight" rating on the stock in a report on Tuesday, November 12th. Finally, 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.

TIM Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The company has a market capitalization of $5.52 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.57 and a beta of 0.83. The business has a 50-day moving average of $12.99 and a 200-day moving average of $14.74.

TIM (NYSE:TIMB - Get Free Report) last released 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). TIM had a return on equity of 11.73% and a net margin of 12.71%. The firm had revenue of $1.16 billion for the quarter. On average, sell-side analysts anticipate that Tim S.A. will post 1.2 EPS for the current year.

TIM Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Monday, December 30th will be paid a $0.1723 dividend. This is a positive change from TIM's previous quarterly dividend of $0.09. The ex-dividend date of this dividend is Monday, December 30th. This represents a $0.69 dividend on an annualized basis and a yield of 6.04%. TIM's dividend payout ratio (DPR) is presently 53.97%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TIMB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in TIM during the third quarter valued at approximately $25,000. EverSource Wealth Advisors LLC raised its stake in TIM by 108.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company's stock worth $25,000 after acquiring an additional 835 shares during the last quarter. Inspire Advisors LLC acquired a new stake in shares of TIM during the third quarter worth about $173,000. Jane Street Group LLC acquired a new stake in TIM during the 3rd quarter valued at approximately $215,000. Finally, Creative Planning purchased a new stake in TIM in the third quarter valued at $216,000.

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.