Tim S.A. (NYSE:TIMB - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $12.33, but opened at $12.03. TIM shares last traded at $12.04, with a volume of 65,067 shares trading hands.
Analyst Ratings Changes
A number of research firms recently weighed in on TIMB. Barclays decreased their target price on shares of 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 cut shares of TIM from a "buy" rating to a "neutral" rating in a report on Monday, December 9th. Finally, Scotiabank dropped their price objective on TIM from $24.80 to $23.20 and set a "sector outperform" rating for the company in a research note on Tuesday, November 5th.
Get Our Latest Stock Report on TIMB
TIM Stock Performance
The company's 50-day moving average is $14.13 and its two-hundred day moving average is $15.12. The company has a market capitalization of $5.72 billion, a P/E ratio of 9.38, 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.
TIM (NYSE:TIMB - Get Free Report) last issued 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 company had revenue of $1.16 billion during the quarter. Equities analysts anticipate that Tim S.A. will post 1.2 earnings per share for the current fiscal year.
Hedge Funds Weigh In On TIM
Large investors have recently modified their holdings of the company. Stifel Financial Corp boosted its position in TIM by 1.0% during the third quarter. Stifel Financial Corp now owns 85,050 shares of the company's stock valued at $1,465,000 after buying an additional 822 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in TIM by 108.3% during 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 during the period. QRG Capital Management Inc. grew its position in TIM by 7.9% during the 3rd quarter. QRG Capital Management Inc. now owns 14,881 shares of the company's stock worth $256,000 after acquiring an additional 1,085 shares during the last quarter. CWM LLC increased its stake in TIM by 105.7% in the 2nd quarter. CWM LLC now owns 2,471 shares of the company's stock worth $35,000 after purchasing an additional 1,270 shares during the period. Finally, DGS Capital Management LLC lifted its position in TIM by 4.4% in the third quarter. DGS Capital Management LLC now owns 32,682 shares of the company's stock valued at $563,000 after purchasing an additional 1,367 shares during the last quarter.
About TIM
(
Get Free Report)
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.
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