TIM (NYSE:TIMB) Shares Gap Down – Should You Sell?

Tim S.A. (NYSE:TIMB)’s share price gapped down prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

TIMB has been the topic of a number of recent analyst reports. Barclays lowered their price target on TIM from $18.00 to $17.50 and set an “equal weight” rating on the stock in a research report on Tuesday, November 12th. UBS Group lowered shares of TIM from a “buy” rating to a “neutral” rating in a report on Monday, December 9th. Finally, Scotiabank lowered their price target on TIM from $24.80 to $23.20 and set a “sector outperform” rating for the company in a report on Tuesday, November 5th.

TIM Trading Down 2.4 %

The stock has a market cap of $5.82 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.57 and a beta of 0.84. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.97 and a quick ratio of 0.93. The firm’s 50 day moving average price is $14.13 and its 200-day moving average price is $15.12.

TIM (NYSE:TIMB) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.29 EPS for the quarter, missing the consensus estimate 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. As a group, equities research analysts forecast that Tim S.A. will post 1.2 earnings per share for the current year.

Hedge Funds Weigh In On TIM

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in TIM by 108.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,606 shares of the company’s stock worth $25,000 after acquiring an additional 835 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in TIM during the 3rd quarter worth approximately $25,000. CWM LLC lifted its position in shares of TIM by 105.7% in the second quarter. CWM LLC now owns 2,471 shares of the company’s stock valued at $35,000 after acquiring an additional 1,270 shares in the last quarter. Blue Trust Inc. raised its stake in TIM by 298.2% in the 2nd quarter. Blue Trust Inc. now owns 6,973 shares of the company’s stock valued at $100,000 after purchasing an additional 5,222 shares during the last quarter. Finally, Inspire Advisors LLC purchased a new stake in shares of TIM during the third quarter worth $173,000.

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.