55,538 Shares in Millicom International Cellular SA $TIGO Acquired by Amundi

Key Points

• Amundi has invested approximately $1.69 million in Millicom International Cellular SA by acquiring 55,538 shares during the first quarter, indicating increasing interest from institutional investors in the company.
• Research analysts have mixed ratings on Millicom, with Zacks upgrading it to a "strong-buy" while others, like UBS Group, have lowered their ratings but raised target prices, reflecting a cautious yet optimistic outlook.
• Millicom reported earnings of $0.51 per share for the last quarter, missing the consensus estimate, and had a revenue of $1.37 billion—below the expected $1.40 billion, highlighting ongoing challenges in financial performance.

Amundi purchased a new stake in shares of Millicom International Cellular SA (NASDAQ:TIGO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 55,538 shares of the technology company's stock, valued at approximately $1,694,000.

Other large investors have also recently added to or reduced their stakes in the company. Boston Partners bought a new position in Millicom International Cellular during the 1st quarter worth $73,286,000. Teacher Retirement System of Texas bought a new position in Millicom International Cellular during the 1st quarter worth $1,402,000. KBC Group NV bought a new position in Millicom International Cellular during the 1st quarter worth $233,000. CWA Asset Management Group LLC increased its position in Millicom International Cellular by 34.3% during the 1st quarter. CWA Asset Management Group LLC now owns 12,307 shares of the technology company's stock worth $373,000 after buying an additional 3,141 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Millicom International Cellular during the 1st quarter worth $1,648,000.

Millicom International Cellular Trading Up 1.0%

Shares of TIGO stock traded up $0.47 during mid-day trading on Wednesday, reaching $48.20. 405,734 shares of the stock traded hands, compared to its average volume of 945,669. The stock's fifty day simple moving average is $43.66 and its two-hundred day simple moving average is $36.89. Millicom International Cellular SA has a 1-year low of $23.61 and a 1-year high of $50.78. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 8.50 and a beta of 1.09. The company has a quick ratio of 0.87, a current ratio of 0.89 and a debt-to-equity ratio of 1.59.

Millicom International Cellular (NASDAQ:TIGO - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.03). Millicom International Cellular had a net margin of 16.97% and a return on equity of 10.32%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.40 billion. On average, research analysts anticipate that Millicom International Cellular SA will post 1.91 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on TIGO. JPMorgan Chase & Co. increased their price objective on Millicom International Cellular from $50.00 to $55.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Zacks Research upgraded Millicom International Cellular from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 15th. Scotiabank raised their price target on Millicom International Cellular from $37.00 to $46.10 and gave the stock a "sector perform" rating in a research report on Tuesday, August 19th. Wall Street Zen cut Millicom International Cellular from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Finally, UBS Group cut Millicom International Cellular from a "buy" rating to a "neutral" rating and raised their price target for the stock from $39.50 to $49.00 in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Millicom International Cellular presently has an average rating of "Moderate Buy" and a consensus target price of $42.02.

About Millicom International Cellular

Millicom International Cellular SA provides cable and mobile services in Latin America. It offers mobile services, including mobile data and voice, and short message services; and mobile financial services, such as payments, money transfers, international remittances, savings, real-time loans, and micro-insurance.