TIM (NYSE:TIMB) Hits New 52-Week Low – Here’s What Happened

TIM S.A. Sponsored ADR (NYSE:TIMB) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $18.20 and last traded at $18.1370, with a volume of 75821 shares changing hands. The stock had previously closed at $18.39.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TIMB shares. Weiss Ratings upgraded shares of TIM from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Bradesco Corretora lowered TIM to a “neutral” rating in a report on Tuesday, April 28th. Barclays reduced their price target on TIM from $28.00 to $24.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. The Goldman Sachs Group assumed coverage on TIM in a research report on Monday, May 18th. They set a “neutral” rating and a $23.40 price target on the stock. Finally, Zacks Research downgraded TIM from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TIM has a consensus rating of “Hold” and a consensus price target of $25.38.

TIM Stock Performance

The stock has a market capitalization of $8.71 billion, a P/E ratio of 10.65, a PEG ratio of 1.22 and a beta of 0.40. The stock’s 50-day simple moving average is $21.13 and its 200 day simple moving average is $23.71. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.85 and a quick ratio of 0.82.

TIM (NYSE:TIMB) last announced its earnings results on Wednesday, June 17th. The company reported $0.42 EPS for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. The business had revenue of $1.35 billion during the quarter. Research analysts expect that TIM S.A. Sponsored ADR will post 1.83 EPS for the current fiscal year.

TIM Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th were given a dividend of $0.1618 per share. The ex-dividend date was Monday, June 29th. TIM’s dividend payout ratio (DPR) is 61.54%.

Insider Buying and Selling

In other news, insider Auana Mattar Lima sold 8,200 shares of TIM stock in a transaction on Monday, May 18th. The stock was sold at an average price of $4.42, for a total transaction of $36,244.00. Following the completion of the sale, the insider owned 36,686 shares of the company’s stock, valued at approximately $162,152.12. This trade represents a 18.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marques Andrea Palma Viegas sold 35,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $4.32, for a total transaction of $151,200.00. Following the completion of the sale, the chief financial officer directly owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. The trade was a 29.60% decrease in their position. The SEC filing for this sale provides additional information.

Institutional Investors Weigh In On TIM

Large investors have recently added to or reduced their stakes in the stock. Inspire Investing LLC increased its position in shares of TIM by 10.1% in the first quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock worth $111,000 after purchasing an additional 386 shares during the period. Wells Fargo & Company MN boosted its position in shares of TIM by 53.8% during the 4th quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock worth $27,000 after acquiring an additional 494 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of TIM by 23.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,619 shares of the company’s stock worth $51,000 after acquiring an additional 504 shares in the last quarter. NewEdge Advisors LLC increased its stake in TIM by 5.2% in the fourth quarter. NewEdge Advisors LLC now owns 14,551 shares of the company’s stock valued at $283,000 after acquiring an additional 714 shares during the last quarter. Finally, DGS Capital Management LLC increased its stake in TIM by 1.9% in the first quarter. DGS Capital Management LLC now owns 40,919 shares of the company’s stock valued at $1,084,000 after acquiring an additional 753 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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA