TIM (NYSE:TIMB) Reaches New 12-Month Low – Time to Sell?

TIM S.A. Sponsored ADR (NYSE:TIMB) hit a new 52-week low during trading on Monday . The stock traded as low as $18.89 and last traded at $19.05, with a volume of 23492 shares traded. The stock had previously closed at $19.17.

Wall Street Analyst Weigh In

TIMB has been the subject of several research reports. Scotiabank increased their price objective on TIM from $27.00 to $28.50 and gave the company a “sector perform” rating in a research report on Wednesday, May 27th. Bradesco Corretora lowered shares of TIM to a “neutral” rating in a research report on Tuesday, April 28th. Zacks Research cut shares of TIM from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings downgraded shares of TIM from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, June 26th. Finally, Santander upgraded shares of TIM from a “neutral” rating to an “outperform” rating in a research report on Monday, June 22nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, TIM currently has a consensus rating of “Hold” and a consensus target price of $25.23.

TIM Price Performance

The company has a market cap of $8.86 billion, a P/E ratio of 10.83, a P/E/G ratio of 0.95 and a beta of 0.40. The stock has a 50-day simple moving average of $21.43 and a 200 day simple moving average of $23.81. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 0.85.

TIM (NYSE:TIMB) last released its quarterly earnings data on Wednesday, June 17th. The company reported $0.42 earnings per share (EPS) for the quarter. TIM had a return on equity of 17.99% and a net margin of 15.73%. On average, equities analysts expect that TIM S.A. Sponsored ADR will post 1.85 EPS for the current year.

TIM Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, July 29th. Shareholders of record on Monday, June 29th were issued a $0.1618 dividend. The ex-dividend date of this dividend was Monday, June 29th. TIM’s payout ratio is 66.86%.

Insider Transactions at TIM

In other news, CFO Marques Andrea Palma Viegas sold 35,000 shares of the firm’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 transaction, the chief financial officer directly owned 83,259 shares of the company’s stock, valued at approximately $359,678.88. This trade represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Auana Mattar Lima sold 8,200 shares of TIM stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $4.42, for a total transaction of $36,244.00. Following the sale, the insider owned 36,686 shares in the company, valued at approximately $162,152.12. This trade represents a 18.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On TIM

Large investors have recently modified their holdings of the stock. Sanctuary Advisors LLC acquired a new stake in TIM in the 4th quarter valued at $836,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of TIM by 102.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,702 shares of the company’s stock valued at $753,000 after purchasing an additional 19,552 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of TIM by 55.5% in the 1st quarter. Hsbc Holdings PLC now owns 135,167 shares of the company’s stock worth $3,578,000 after purchasing an additional 48,232 shares during the last quarter. UBS Group AG grew its stake in TIM by 12.4% during the fourth quarter. UBS Group AG now owns 537,416 shares of the company’s stock worth $10,453,000 after buying an additional 59,136 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in TIM by 7.3% during the 4th quarter. Assetmark Inc. now owns 412,099 shares of the company’s stock valued at $8,015,000 after purchasing an additional 28,065 shares in the last quarter.

About TIM

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