TIM (NYSE:TIMB) Reaches New 52-Week Low – Should You Sell?

TIM S.A. Sponsored ADR (NYSE:TIMB) hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $15.73 and last traded at $16.7820, with a volume of 66,067 shares trading hands. The stock had previously closed at $19.17.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TIMB shares. Wall Street Zen cut shares of TIM from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings downgraded TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday. Bank of America raised TIM from an “underperform” rating to a “neutral” rating in a report on Tuesday, October 13th. Morgan Stanley reiterated a “market perform” rating and set a $22.00 price target on shares of TIM in a research note on Thursday, August 20th. Finally, Barclays dropped their price objective on shares of TIM from $28.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, TIM currently has a consensus rating of “Hold” and an average target price of $24.82.

TIM Trading Down 16.6%

The stock has a market capitalization of $7.65 billion, a price-to-earnings ratio of 9.47, a price-to-earnings-growth ratio of 1.76 and a beta of 0.33. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The business has a 50 day simple moving average of $18.42 and a 200-day simple moving average of $21.01.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $1.35 billion for the quarter. TIM had a net margin of 15.73% and a return on equity of 17.99%. On average, equities analysts predict that TIM S.A. Sponsored ADR will post 1.82 earnings per share for the current year.

TIM Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, January 29th. Investors of record on Monday, September 28th will be paid a dividend of $0.2102 per share. The ex-dividend date of this dividend is Monday, September 28th. TIM’s dividend payout ratio (DPR) is currently 62.13%.

Institutional Investors Weigh In On TIM

A number of institutional investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in TIM in the second quarter worth approximately $25,000. Eastern Bank bought a new position in TIM in the second quarter worth $34,000. Integrated Wealth Concepts LLC acquired a new stake in shares of TIM in the 2nd quarter valued at $56,000. Inspire Investing LLC raised its position in TIM by 10.1% in the 1st quarter. Inspire Investing LLC now owns 4,191 shares of the company’s stock valued at $111,000 after purchasing an additional 386 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of TIM by 73.5% during the first quarter. EverSource Wealth Advisors LLC now owns 4,544 shares of the company’s stock worth $120,000 after purchasing an additional 1,925 shares in the last quarter.

About TIM

TIM SA is a Brazilian telecommunications company that provides mobile and fixed-line communications services to consumers, businesses and public-sector customers. Its offerings include voice and data plans, mobile internet, broadband connectivity and related digital services.

The company operates a nationwide wireless network, including 4G and 5G services, and provides connectivity solutions for corporate and institutional customers. Its business portfolio also includes Internet of Things applications, managed connectivity and other digital and technology services.

TIM traces its Brazilian operations to the late 1990s and has developed into one of the country’s major mobile operators.