TIM (NYSE:TIMB) Hits New 1-Year Low – Time to Sell?

Shares of TIM S.A. Sponsored ADR (NYSE:TIMB) hit a new 52-week low during trading on Monday . The company traded as low as $17.14 and last traded at $17.4940, with a volume of 808191 shares trading hands. The stock had previously closed at $17.35.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of TIM from a “hold” rating to a “buy” rating in a research note on Sunday. Barclays cut their price objective 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. Scotiabank raised their price target on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a report on Wednesday, May 27th. Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd. Finally, The Goldman Sachs Group started coverage on shares of TIM in a research report on Monday, May 18th. They issued a “neutral” rating and a $23.40 target price for the company. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.38.

TIM Stock Up 0.2%

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 company has a market capitalization of $8.42 billion, a P/E ratio of 10.33, a PEG ratio of 1.15 and a beta of 0.40. The stock has a 50 day moving average price of $20.80 and a 200 day moving average price of $23.56.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%.The business had revenue of $1.35 billion during the quarter. On average, research analysts anticipate that TIM S.A. Sponsored ADR will post 1.83 earnings per share for the current fiscal year.

TIM Dividend Announcement

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

Insider Buying and Selling

In other news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $4.32, for a total value 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 $359,678.88. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional Investors Weigh In On TIM

Several large investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in TIM by 53.8% in the fourth quarter. Wells Fargo & Company MN now owns 1,413 shares of the company’s stock valued at $27,000 after purchasing an additional 494 shares during the last quarter. Eastern Bank purchased a new position in TIM during the 2nd quarter valued at about $34,000. Kestra Advisory Services LLC bought a new stake in shares of TIM during the fourth quarter valued at about $39,000. EverSource Wealth Advisors LLC lifted its holdings in shares of TIM by 188.1% in the second quarter. EverSource Wealth Advisors LLC now owns 2,060 shares of the company’s stock worth $41,000 after buying an additional 1,345 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of TIM in the second quarter valued at approximately $42,000.

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. TIM S.A is based in Rio de Janeiro, Brazil. The company operates as a subsidiary of TIM Brasil Serviços e Participações SA